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Proterra Inc. Securities Litigation Settlement

Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was August 29, 2025. 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

Proterra Inc. and its defendants are settling securities litigation brought by shareholders who claim they were harmed by alleged misconduct related to Proterra's business combination with ArcLight Clean Transition Corp. and subsequent stock sales. The defendants are paying $29 million to resolve all claims without admitting wrongdoing.

Do you qualify?

Anyone who purchased or acquired Proterra Inc. public shares through the May 14, 2021 proxy/registration statement relating to the ArcLight business combination, or who purchased Proterra common stock between August 11, 2021 and August 7, 2023. Excluded are defendants, their families, former directors, and affiliated entities.

What you can claim

Read from the official settlement notice. Confirm the terms that apply to you on the administrator's site before filing.

  • Settlement payment

    Class members who submit a timely claim form with required supporting documentation are eligible to receive a payment from the settlement fund.

Who is in the class

All who purchased or otherwise acquired public shares in Proterra Inc. ("Proterra") pursuant and/or traceable to the proxy/registration statement dated May 14, 2021 relating to Proterra's business combination with ArcLight Clean Transition Corp.; and/or (2) purchased or otherwise acquired Proterra common stock between August 11, 2021 and August 7, 2023, both dates inclusive.

Quoted from the settlement notice.

How to file

Submit a Claim Form with required supporting documentation online through the website or by mail to the Claims Administrator. Claims and documentation must be received or postmarked no later than August 29, 2025.

Common questions

How much does the Proterra Inc. Securities Litigation Settlement pay?
The total settlement fund is $29M. 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 Proterra Inc. Securities Litigation Settlement?
This settlement is closed to new claims — the deadline was August 29, 2025. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Do I need proof of purchase for the Proterra Inc. Securities Litigation 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 Proterra Inc. Securities Litigation Settlement notice real, or a scam?
Claims are filed at proterrasecuritiessettlement.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 Proterra Inc. 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 August 20, 2025; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

  • Raymond H. Quick
  • William E. Zinn
  • Tanya Tirado
  • Jeremy Villanueva

Defendants

  • Andrew J. Cederoth
  • John J. Allen
  • Steven Berkenfeld
  • Brian Goncher
  • Ja-Chin Audrey Lee
  • Arno Harris
  • Marco F. Gatti
  • Daniel R. Revers

+ 10 more

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.

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