LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces the filing of a class action lawsuit against Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (“Bakkt” or “the Company”) (NYSE: BKKT, BKKT-WT) (NASDAQ: VIHAU, VIH, VIHAW) for violating federal securities laws.
Investors who have purchased shares of the Company between May 7, 2021 and February 25, 2022 inclusive (the “Class Period”) or in accordance with and/or the offer documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC (“Legacy Bakkt”) completed on or about October 15, 2021 (the “Business Combination”), are encouraged to contact the company prior to June 20, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Bakkt failed to maintain proper controls over its finances. The Company made errors in the classification of certain shares issued before the Business Combination. These errors would require the restatement of certain financial statements. The Company downplayed the true seriousness of its financial anomalies. The Corporation then overdid its efforts to remedy its financial controls. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Bakkt, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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