Mealey's (November 9, 2021, 2:20 PM EST) -- SAN JOSE, Calif. — Preliminary approval of a proposed $11 million cash 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) stemming from the defendants’ alleged issuance of a materially misleading registration statement for the IPO is warranted because the proposed settlement is fair, reasonable and adequate and meets all statutory requirements for approval, shareholders argue in a Nov. 5 motion filed in California federal court....