The possibility of dropping a class action law suit.
发表于 : 2021年 6月 30日 09:34
Dear Sir/ Ma’am,
I am not sure if you are aware there are at least 2 class action suits against GTV’s private placement so far. The cases are attached for your reference.
As reported by Sara in VoG, the SEC has entered into the stage of Settlement with GTV Media Group while the Executive Order instituting the Settlement Offer might be published very soon.
My questions are:
1)what would happen if the plaintiffs in these two class action suits insist on carrying their suits? Will these plaintiffs be entitled to the distribution of Fair Funds set up for GTV case?
2) If these class action suits continue, will there be a merge of cases and how would that be conducted?
Thanks for taking time to reply.
I am not sure if you are aware there are at least 2 class action suits against GTV’s private placement so far. The cases are attached for your reference.
As reported by Sara in VoG, the SEC has entered into the stage of Settlement with GTV Media Group while the Executive Order instituting the Settlement Offer might be published very soon.
My questions are:
1)what would happen if the plaintiffs in these two class action suits insist on carrying their suits? Will these plaintiffs be entitled to the distribution of Fair Funds set up for GTV case?
2) If these class action suits continue, will there be a merge of cases and how would that be conducted?
Thanks for taking time to reply.