GGI Stockholder Settlement
This settlement is closed to new claims — the deadline was June 17, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
Gores Guggenheim, Inc. (GGI), now known as Polestar Automotive Holding UK PLC, completed a merger that closed on June 23, 2022. Shareholders allege claims against the defendants related to the merger transaction, and the defendants have agreed to settle all claims for $25 million in cash without admitting wrongdoing.
Do you qualify?
All record and beneficial holders of GGI Class A Common Stock (including shares held as part of a Public Unit) who purchased, acquired, or held such securities at any time from September 27, 2021 (the announcement date) through June 23, 2022 (the closing date).
How to file
Submit a Proof of Claim Form that is postmarked on or before June 17, 2026. Eligible class members must submit the form to receive a distribution from the settlement proceeds if approved by the Court. A notice of intention to appear must be filed by April 27, 2026, if you wish to object to the settlement or attend the hearing on May 18, 2026.
Common questions
- How much does the GGI Stockholder Settlement pay?
- The total settlement fund is $25M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- What is the claim deadline for the GGI Stockholder Settlement?
- This settlement is closed to new claims — the deadline was June 17, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
- Do I need proof of purchase for the GGI Stockholder Settlement?
- Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
- Is the GGI Stockholder Settlement notice real, or a scam?
- Settlement Administrator (not named) is the settlement administrator for this case. Claims are filed at ggistockholdersettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the GGI Stockholder Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for May 18, 2026; no payments can be issued before a settlement receives final approval.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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