Liquid Holdings Reaches $4M Settlement Over IPO Claims

By Ryan Boysen (October 30, 2019, 6:24 PM EDT) -- A proposed class of shareholders who claim they were burned by Liquid Holdings Inc.'s initial public offering have reached a $4 million settlement with the bankrupt hedge fund software provider after four years of litigation.

In a stipulation filed Tuesday, named plaintiff Robert De Vito said that after months of mediation Liquid agreed to put $4 million into a settlement fund to compensate a class of all investors who bought stock in Liquid's 2013 IPO, as well as those who purchased shares on the open market between then and late 2015, and then were forced to sell those shares at a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!