Judge Grants Preliminary Approval Of $11M Settlement In IPO Class Action Lawsuit

Mealey's (March 28, 2022, 10:56 AM EDT) -- SAN JOSE, Calif. — A federal judge in California on March 24 granted preliminary approval of an $11 million proposed settlement in a securities class action against an online marketplace, several of its executive officers and directors and underwriters of the marketplace’s initial public offering (IPO), ruling that the settlement has preliminarily met all statutory requirements for approval....