PAYS - Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of the Common Stock of Paysign Inc. - PAYS | Benzinga
LAS VEGAS, Jan. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that the United States District Court for the District of Nevada has approved the following announcement of a proposed class action settlement that would benefit purchasers of Paysign, Inc. Common Stock (NASDAQ:PAYS):
SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED OR ACQUIRED PAYSIGN, INC. COMMON STOCK BETWEEN MARCH 12, 2019, AND MARCH 31, 2020, BOTH DATES INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Nevada, that a hearing will be held on April 17, 2024, at 10:00 a.m. before the Honorable Gloria M. Navarro, United States District Judge of the District of Nevada, 333 Las Vegas Boulevard South, Courtroom 7D, Las Vegas, Nevada 89101 for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $3,750,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Lead Counsel for an award of attorneys' fees of up to 33 1/3% plus interest of the Settlement Amount, reimbursement of expenses of not more than $110,000 and an incentive payment of no more than $10,000 to each Plaintiff, or $20,000 in total, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the ...