Deadline to Claim Your Payout from the $2.75M GigaCloud Settlement Is in 2 Months

Court: S.D. New York

Case: 1:23-cv-10645

Investors have only 2 months left to submit their claims and receive the payout from the $2.75 million GigaCloud settlement.

What is this settlement?

GigaCloud has reached a $2.75M settlement with investors over claims that it misled them about the authenticity of its marketplace revenues and the use of artificial intelligence in its operations.

On September 28, 2023, Culper Research published a report highlighting serious concerns with GigaCloud’s disclosures. The report alleged the company overstated its U.S. warehouse operations, used doctored marketing images, and omitted related-party relationships.

Following the report, GCT dropped 18%, compounding investor losses since its IPO.

What can you do to recover your losses now?

You can submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.