MoneyLion Holdings ($ML) Is Paying a $12.75M Settlement to Investors — Here’s How to Get Your Share

Court: Delaware court of Chancery

Case: 2024‑0329‑NAC

MoneyLion Holdings (now part of GEN agreed to pay $12.75 million to settle claims that it misled investors about its financial condition, growth prospects, and internal controls following its SPAC merger with Fusion Acquisition Corp.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All record and beneficial holders of Fusion Acquisition Corp. (FAC) Class A Common Stock who held shares as of the close of the Redemption Deadline on September 17, 2021, and did not redeem their shares, including their heirs, successors, and assigns, and who purchased or sold FAC Class A or MoneyLion common stock between September 18, 2021 and March 28, 2024.

Do you have to sell securities to be eligible?

No, if you held or purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically check which ones you might have missed — or file manually for this case.