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.
SEND US A MESSAGE
Contact Us
ADDRESS
Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103