Flying Eagle Stockholder Litigation Settlement

What happened

Stockholders of Flying Eagle alleged that defendants breached fiduciary duties in connection with a merger that closed on December 16, 2020. The defendants have agreed to pay $10 million to settle all claims in the action. Defendants admit no wrongdoing.

Do you qualify?

All holders of Flying Eagle Class A common stock as of the merger closing on December 16, 2020, including successors-in-interest. Excluded are defendants, their immediate family members, officers and directors of Flying Eagle or related entities and their families, and certain affiliates and entities controlled by defendants.

What you can claim

Read from the official settlement notice.

• Pro rata cash distribution from Net Settlement Fund

  Eligible Class Members will receive a pro rata payment from the Net Settlement Fund based on the number of Eligible Shares held. No claim form is required to receive this payment.

Who is in the class

All holders of Flying Eagle Class A common stock, whether beneficial or of record, as of the closing of the Merger on December 16, 2020, together with the heirs, successors-in-interest, transferees, and assigns of all of such foregoing holders, including any person or entity who subsequently purchased such stock (excluding, for the avoidance of doubt, shares of Flying Eagle Class B common stock that converted into Flying Eagle Class A common stock solely in connection with the Merger ("Class B Converted Shares") as well as shares of Flying Eagle Class A common stock redeemed before the Merger ("Redeemed Shares")).

Quoted from the settlement notice.

How to file

Eligible class members will receive payment from the net settlement fund following court approval. Initial distribution occurred in November 2025, with a second distribution in July 2026, and subsequent rolling distributions as funds become available. Contact the Settlement Administrator at (866) 287-0747 or info@FlyingEagleStockholdersLitigation.com for details.