How much does the Katapult Securities Litigation Settlement pay?

The total settlement fund is $2.5M. 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.

Is the Katapult Securities Litigation Settlement notice real, or a scam?

JND Legal Administration is the settlement administrator for this case. Claims are filed at katapult-finservsecuritieslitigation.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 Katapult Securities Litigation 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 December 13, 2024; no payments can be issued before a settlement receives final approval.

Claims closedsecurities

Katapult Securities Litigation Settlement

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

This settlement is closed to new claims. 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

Defendants allegedly violated federal securities laws by making materially false and misleading statements regarding Katapult's financial prospects, causing the stock price to be artificially inflated. Additionally, FinServ failed to disclose critical information in its proxy statement regarding the business combination with Katapult. Defendants deny no wrongdoing is not stated, but the parties settled.

Do you qualify?

All persons and entities that purchased or acquired Katapult securities between June 15, 2021 and August 9, 2021, inclusive, and/or held FinServ common stock as of May 11, 2021 and were eligible to vote at FinServ's June 7, 2021 special meeting. Excluded are company officers, directors, and their immediate family members during specified periods.

How to file

Claims administration was completed as of October 2025. The Court approved distribution of settlement funds on December 1, 2025, with initial distributions occurring in February 2026 on a rolling basis. Contact the Claims Administrator at 844-552-0057 or info@Katapult-FinServSecuritiesLitigation.com for more information.

Common questions

How much does the Katapult Securities Litigation Settlement pay?: The total settlement fund is $2.5M. 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.
Is the Katapult Securities Litigation Settlement notice real, or a scam?: JND Legal Administration is the settlement administrator for this case. Claims are filed at katapult-finservsecuritieslitigation.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 Katapult Securities Litigation 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 December 13, 2024; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

Matis Nayman
Gina McIntosh

Defendants

Derek Medlin
Karissa Cupito
Orlando Zayas
Howard Kurz
Lee Einbinder
Katapult Holdings, Inc.

Counsel for plaintiffs

Counsel for defendants

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

In the news

Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.

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.

Settlement fund: $2.5M
Class period: June 15, 2021 – August 9, 2021
Final hearing: December 13, 2024
Case: McIntosh v. Katapult Holdings, Inc., et al.
Case number: 1:21-cv-07251 (AS)
Court: U.S. District Court (Southern District of New York)
Administrator: JND Legal Administration

Official settlement website →

Case status & court docket

Federal court in New YorkMore from New York

U.S. District Court (Southern District of New York)

Case terminated December 13, 2024

December 1, 2025
Distribution to class
ORDER GRANTING UNOPPOSED MOTION FOR DISTRIBUTION OF CLASS SETTLEMENT FUND granting 117 Motion for Disbursement of Funds. IT IS HEREBY ORDERED THAT: 1. Plaintiffs' Unopposed Motion for Distribution of Class Settlement Fund is GRANTED. 2. T he funds that are currently in the Net Settlement Fun
December 17, 2024
Final approval
OPINION APPROVING SETTLEMENT, PLAN OF ALLOCATION, CLASS CERTIFICATION, AND ATTORNEYS' FEES AND COSTS re: 108 MOTION for Attorney Fees - Notice of Motion for an Award of Attorneys' Fees, Reimbursement of Litigation Expenses, an d Awards to Plaintiffs filed by Felipe de Castro Luna, Matis
December 13, 2024
Final approval
FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE: IT IS HEREBY ORDERED, ADJUDGED AND DECREED that: 1. This Judgment incorporates by reference the definitions in the Stipulation, and all terms used herein shall have the same meanings as set forth in the Stipulation, unless otherwise stated her
December 13, 2024
Fairness hearing
Minute Entry for proceedings held before Magistrate Judge Katharine H. Parker - Courtroom 17D: Fairness Hearing held on 12/13/2024 :See Transcript for Details. A transcript of this proceeding is available by utilizing the attached order form. (ca) (Entered: 12/13/2024)
December 10, 2024
Final approval
NOTICE TO COUNSEL: REMINDER of the final approval hearing set for 12/13/2024 at 10:00 AM in Courtroom 17D, 500 Pearl Street, New York, NY 10007 before Judge Katharine H. Parker re: 105 Order (ca)
December 6, 2024
Final approval
REPLY MEMORANDUM OF LAW in Support re: 108 MOTION for Attorney Fees - Notice of Motion for an Award of Attorneys' Fees, Reimbursement of Litigation Expenses, and Awards to Plaintiffs., 106 MOTION for Settlement - Notice of Motion for Final Approval of Proposed Class Action Settlement, Plan of Alloca

View the full court docket on CourtListener →

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