KSF News, Updates, & Insights

$5.65M Pareteum Securities Fraud Class Action Preliminarily Approved

In re Pareteum Securities Litigation, 1:19-cv-09767 (S.D.N.Y.): On December 20, 2022, the Hon. Alvin K. Hellerstein preliminarily approved a $5,650,000 class action settlement on behalf of persons who purchased Pareteum securities between December 14, 2017, and October 21, 2019, inclusive. The Court also set a final approval hearing for the Settlement on Tuesday, April 25, 2023 at 10:30 a.m. For more information regarding the proposed settlement, KSF directs investors to the dedicated settlement website at https://pareteumsecuritieslitigation.com/.