$2.6M Partial Settlement for Lottery.com SPAC Investors

Kehoe Law Firm, P.C. (“KLF”) is pleased to announce a $2.6 million proposed partial settlement was reached with former executives of Trident Acquisition Corp. (“Trident”), the SPAC that merged with Lottery.com.

The agreement resolves class action claims that the 2021 go-public transaction misrepresented the company’s operations and value, leading to steep losses for public investors. The case, pending in the Delaware Court of Chancery, alleged that insiders secured massive profits while ordinary shareholders faced devastating losses.

“This settlement is a meaningful step toward accountability,” said Michael Yarnoff, Esq., a partner at KLF. “It provides immediate relief to affected investors and strengthens our ability to pursue remaining claims against other key parties involved in this transaction.”

The proposed resolution benefits all Trident common stockholders who held shares during the critical period leading up to the consummation of the merger.

The case remains active against other defendants, such as certain former executives of Lottery.com and Chardan Capital Markets LLC. 

Questions About the Settlement?

Investors interested in learning more about the lawsuit and the partial settlement 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 firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

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Aldeyra Stock – Securities Fraud Investigation on Behalf of ALDX Investors

Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Aldeyra Therapeutics, Inc. (“Aldeyra” or the “Company”) (NASDAQ:ALDX).

Aldeyra Stock Drops Significantly as FDA Rejects Reproxalap NDA, Citing Efficacy and Methodological Issues

On April 3, 2025, Aldeyra “. . . announce[d] that it had received a Complete Response Letter . . . from the U.S. Food & Drug Administration . . . regarding the Company’s resubmitted New Drug Application . . . for reproxalap, an investigational drug candidate, for the treatment of dry eye disease.”

The Company reported that the FDA’s letter “. . . stated that the NDA ‘failed to demonstrate efficacy in adequate and well controlled studies in treating ocular symptoms associated with dry eyes’ and that ‘at least one additional adequate and well controlled study to demonstrate a positive effect on the treatment of ocular symptoms of dry eye’ should be conducted.”

Aldeyra reported that “[t]he letter identified concerns with the data from the trial submitted to the NDA that may have affected interpretation of the results, which the FDA stated may be related to methodological issues, including a difference in baseline scores across treatment arms.”

On this news, Aldeyra’s stock price dropped more than 73% from a closing price of $5.32 on April 2, 2025 to $1.42 per share at the close of trading on April 3, 2025. 

Investors of Aldeyra Stock May Have Legal Claims 

Aldeyra shareholders are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to contact an attorney to discuss the securities investigation and receive a free, no-obligation evaluation of potential legal claims.

Aldeyra investors can also 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 firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

 

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Kehoe Law Firm, P.C.
2001 Market Street
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Philadelphia, PA 19103

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Ibotta Stock – Class Action Filed on Behalf of IBTA Investors

Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Ibotta, Inc. (“Ibotta”) (NYSE:IBTA).

Class Action Filed Against Ibotta

On April 17, 2025, a class action complaint alleging violations of federal securities laws was filed against Ibotta in United States District Court, District of Colorado (Case No. 1:25-cv-01213), on behalf of those who purchased or otherwise acquired publicly-traded Ibotta securities pursuant and/or traceable to the registration statement and related prospectus (the “Registration Statement”) issued in connection with Ibotta’s April 18, 2024 initial public offering (“IPO”).

The securities class action lawsuit seeks to recover compensable damages caused by the Ibotta Defendant’s alleged violations of the federal securities laws under the Securities Act of 1933.

The Registration Statement, according to the complaint, “. . . was negligently prepared and, as a result, contained untrue statements of material facts or omitted to state other facts necessary to make the statements made not misleading, and was not prepared in accordance with the rules and regulations governing its preparation.”

To review a copy of the complaint, please click Ibotta Class Action Complaint.

Ibotta Investors May Have Legal Claims 

Investors who acquired Ibotta securities pursuant and/or traceable to the company’s Registration Statement issued in connection with Ibotta’s IPO are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to contact an attorney to discuss the securities investigation and receive a free, no-obligation evaluation of potential legal claims.

Ibotta shareholders can also 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 firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

 

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Contact Us

ADDRESS

Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Zenas BioPharma Stock – Class Action Filed on Behalf of ZBIO Investors

Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Zenas BioPharma, Inc. (“Zenas BioPharma”) (NASDAQ:ZBIO).

Class Action Filed Against Zenas BioPharma 

On April 16, 2025, a class action complaint alleging violations of federal securities laws was filed against Zenas BioPharma in United States District Court, District of Massachusetts (Case No. 1:25-cv-10988), on behalf of investors who purchased or otherwise acquired Zenas BioPharma securities pursuant and/or traceable to the registration statement and related prospectus (the “Registration Statement”) issued in connection with Zenas BioPharma’s September 2024 initial public offering (“IPO”). 

To review a copy of the complaint, please click ZBIO Class Action Complaint.

Zenas BioPharma Investors May Have Legal Claims 

Investors who acquired Zenas BioPharma securities pursuant and/or traceable to the company’s IPO are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to contact an attorney to discuss the securities investigation and receive a free, no-obligation evaluation of potential legal claims.

Zenas BioPharma shareholders can also 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 firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

 

SEND US A MESSAGE

Contact Us

ADDRESS

Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Illinois Strengthens Worker Protections Under Amended “One Day Rest In Seven Act”

Kehoe Law Firm, P.C. is informing employees in Illinois of their strengthened protections under the recently amended the One Day Rest In Seven Act (“ODRISA”). Effective through the addition of Section 5.5, the amendment makes it unlawful for employers to retaliate against workers for exercising their rights under the Act.

The new anti-retaliation provision, codified at 820 ILCS 140/5.5 and effective as of March 21, 2025, expands employee protections and ensures accountability for employers who attempt to punish workers for asserting their rights.

What Protections Does ODRISA Provide to Employees? 

ODRISA requires employers to provide employees in Illinois a minimum of 24 hours of rest within every consecutive 7-day period.

Under ODRISA, employees must also be given a meal period of at least 20 minutes for every 7.5-hour shift beginning no later than 5 hours after the start of the shift, with an additional 20-minute meal period if working a 12-hour shift or longer. Reasonable restroom breaks must also be provided.

NOTE: The day off and meal breaks do not apply to employees whose meal periods and days off are governed by collective bargaining agreements. If a collective bargaining agreement does not specify meal breaks or a day off, the provisions of ODRISA apply.

Key Protections Under New Section 5.5

Under the amended law, employers, their agents or officers are prohibited from taking adverse action or discriminating against any employee who:

  • Exercises a right under the Act.

  • Files a complaint with their employer or the Illinois Department of Labor (“IDOL”).

  • Initiates or intends to initiate any proceeding related to the Act.

  • Provides testimony or plans to testify in an investigation or proceeding under the Act.

What This Means for Illinois Workers

This amendment gives Illinois employees greater confidence to report violations of their rest or meal break rights without fear of losing their jobs or suffering other retaliatory actions.

Enforcement and Penalties

Employees who believe they have been unlawfully retaliated against in violation of Section 5.5 are entitled to recover “all legal and equitable relief as may be appropriate” by filing a complaint with the IDOL.

Conclusion

The amendment to Illinois’ ODRISA is a critical step toward protecting workers and promoting healthy, lawful work environments. Employees now have clearer legal backing when standing up for their rights to rest and meal periods — and employers now have a much stronger incentive to follow the law.

Concerned About Your Rights as an Employee?

If you have general questions about your workplace rights or believe those rights may have been violated, it’s important to seek legal guidance as soon as possible.

To discuss your situation, please send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation evaluation of potential legal claims.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses. 

 

SEND US A MESSAGE

Contact Us

ADDRESS

Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103

PHONE

Tel: 215-792-6676

EMAIL

[email protected]