Settlement of In re ADT Inc. Shareholder Litigation
Case No. 502018CA003494XXXXMB-AG
The parties have settled this action, pending in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. The settlement provides for the payment of $30 million for the benefit of eligible Settlement Class Members. Plaintiffs Goldstrand Investments Inc., Richard Krebsbach, Howard Katz, Daniel M. Sweet and Robert Lowinger alleged defendants violated §§11, 12(a)(2), and 15 of the Securities Act of 1933 in connection with ADT Inc.’s (“ADT”) January 19, 2018 Initial Public Offering (“IPO”).
The Settlement Class consists of all Persons who purchased or otherwise acquired ADT common stock pursuant to and/or traceable to ADT’s January 19, 2018 IPO, from January 19, 2018 through and including May 21, 2018, and were damaged thereby, other than excluded parties as described in the Stipulation of Settlement.
The Court held a hearing on January 12, 2021 and granted final approval of the settlement.
If you have any questions about the settlement or the litigation, please contact Rick Nelson at 1-800-449-4900.