Kehoe Law Firm, P.C. (“KLF”) is proud to announce the final approval of a $13 million settlement on behalf of investors in litigation arising from the merger of FG New America Acquisition Corp. (“FGNA”) and Opportunity Financial LLC, now known as OppFi Inc.
KLF served as counsel in the case and worked alongside co-counsel in pursuing claims on behalf of FGNA shareholders. On September 22, 2026, Delaware Vice Chancellor Paul A. Fioravanti Jr. entered an order and final judgment approving the settlement, delivering a significant monetary recovery for eligible class members.
The litigation alleged that FGNA’s executives and directors breached their fiduciary duties in connection with the 2021 SPAC transaction that brought Opportunity Financial public. Among other allegations, the complaint challenged conflicts created by founder shares and asserted that investors were not provided with material information concerning dilution, financial projections, and last-minute changes to the merger terms.
The settlement class includes record and beneficial holders of FGNA common stock who held shares as of the July 14, 2021 redemption deadline and did not redeem all of their shares.
KLF is pleased to have played a role in achieving this substantial recovery and securing a meaningful result for investors. The $13 million settlement represents an important outcome for shareholders who alleged they were harmed in connection with the transaction and underscores the importance of holding corporate fiduciaries accountable when investor interests are placed at risk.
KLF remains committed to aggressively protecting the rights of investors and shareholders nationwide through securities class actions, shareholder litigation, and other complex financial matters.
Investors with questions or concerns about the class action can send us a message or contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
There is no cost or obligation to speak with the firm, and there are no upfront fees or litigation costs. We handle class action matters on a contingency-fee basis. Any attorneys’ fees or expenses sought in connection with a recovery are subject to court approval.
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