FinServ Acquisition Corp. SPAC Litigation Settlement
Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases
Closed to new claims. Browse open settlements →
Where this case stands
Final approval hearing held October 10, 2024
Claims closed. The court docket does not yet show a final approval order. Once one is entered, payments usually follow within three to twelve months.
Pending in the Court of Chancery of the State of Delaware (No. C.A. No. 2022-0755-PAF).
- October 10, 2024Final approval hearing
The court hears any objections and decides whether to approve the settlement.
What happened
Plaintiff Andrew Saunders brought a stockholder class action against defendants related to FinServ Acquisition Corp., a SPAC, for alleged wrongdoing in connection with the de-SPAC transaction. The defendants have agreed to pay $9,500,000 in settlement value ($6,725,000 in cash and $2,775,000 in Katapult Holdings stock or additional cash) to resolve the lawsuit without admitting wrongdoing.
Do you qualify?
All record and beneficial holders of Class A common stock of FinServ as of the closing of the de-SPAC transaction on June 9, 2021, except for specifically excluded persons including company officers, directors, and their family members during certain periods.
Who is in the class
All record and beneficial holders of Class A common stock of FinServ as of the closing of the de-SPAC Transaction on June 9, 2021.
Quoted from the settlement notice.
How to file
Eligible class members do not need to submit a claim form. If you are eligible, your distribution will be paid directly to you. Contact the Settlement Administrator at 1-844-552-0061 or info@FinServAcquisitionCorpSPACLitigation.com for more information. The initial distribution occurred in December 2025, with subsequent distributions on a rolling basis.
Common questions
- How much does the FinServ Acquisition Corp. SPAC Litigation Settlement pay?
- The settlement fund is $9.5M.Why settlement checks are smaller than the headline number →
- Do I need proof of purchase for the FinServ Acquisition Corp. SPAC Litigation Settlement?
- No. Claims can be filed without a receipt.
- What is the status of the FinServ Acquisition Corp. SPAC Litigation Settlement?
- Final approval hearing held October 10, 2024. Claims closed. The court docket does not yet show a final approval order. Once one is entered, payments usually follow within three to twelve months.
- Is the FinServ Acquisition Corp. SPAC Litigation Settlement notice real, or a scam?
- JND Legal Administration is the court-appointed administrator. Claims are filed only at finservacquisitioncorpspaclitigation.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
In the news
- FinServ Acquisition II : Private Placement - Form 8-KMarketscreener.com · January 31, 2023
- FINAL ALERT: Robbins Geller Rudman & Dowd LLP Announces that Katapult Holdings, Inc. Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit – KPLTYahoo Entertainment · October 24, 2021
- KPLT DEADLINE THIS TUESDAY: Katapult Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead CaseYahoo Entertainment · October 21, 2021
Headlines via NewsAPI.
Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?
Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.