Investors of OppFi Stock Who Held FGNA May Have Legal Claims

Kehoe Law Firm, P.C. is investigating whether certain directors and officers FG New America Acquisition Corp. (“FG New America”) (NYSE: FGNA), now known as OppFi Inc. (“OppFi”) (NYSE: OPFI), breached their fiduciary duties to FG New America’s shareholders.

The investigation concerns whether FG New America’s board of directors or executive officers breached their duties of disclosure, duties of candor, and requirements to act in good faith, and whether FG New America’s shareholders suffered damages as a result.

On July 16, 2021, FG New America shareholders of record as of June 21, 2021 approved a merger between FG New America and OppFi.

In March 2022, the California Department of Financial Protection and Innovation sued OppFi for regulatory violations and exceeding interest rate caps, and both the CEO and the CFO resigned within a few days thereof.

On December 9, 2022, OppFi announced that its Audit Committee determined that all financial statements for 2021 “should no longer be relied upon due to a misapplication of accounting guidance in connection with the Company’s calculations of diluted earnings per share for such periods.”

OppFi’s stock price has declined significantly since the merger.

INVESTORS OF OPPFI STOCK WHO HELD FG NEW AMERICA SHARES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR KATAPULT/FINSERV SECURITIES.
OPPFI SHAREHOLDERS WHO HELD FG NEW AMERICA STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Investors of OppFi Stock Who Held FG New America Acquisition Stock May Have Legal Claims - OPFI, FGNA

Katapult Investors Who Held FinServ Stock May Have Legal Claims

Kehoe Law Firm, P.C. is investigating whether certain directors and officers of FinServ Acquisition Corp. (“FinServ”) (NASDAQ: FSRV), now known as Katapult Holdings, Inc. (“Katapult”) (NASDAQ: KPLT), breached their fiduciary duties to FinServ’s shareholders.

The investigation concerns whether FinServ’s board of directors or executive officers breached their duties of disclosure, duties of candor, and requirements to act in good faith, and whether FinServ’s shareholders suffered damages as a result.

On June 7, 2021, FinServ shareholders of record as of May 11, 2021 approved a merger between FinServ and Katapult.

On August 10, 2021, Katapult announced quarterly financial results, which included disappointing revenue and earnings numbers.  Katapult also pulled all future guidance, and Katapult stock has declined significantly since the merger.

INVESTORS OF KATAPULT STOCK WHO HELD FINSERV SHARES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR KATAPULT/FINSERV SECURITIES. 
INVESTORS OF KATAPULT HOLDINGS WHO HELD FINSERV STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS. 

BREACH OF FIDUCIARY DUTIES INVESTIGATION ON BEHALF OF KATAPULT INVESTORS WHO HELD FINSERV STOCK - KPLT, FSRV