Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $7.5 Million Settlement in the Higher One Holdings Inc (NYSE: ONE) Investor Lawsuit

Via: ReleaseWire

Updated 11:22 AM CDT, Fri, May 11,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Higher One Holdings Inc (NYSE: ONE) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on May 26, 2018 and NYSE: ONE investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/11/2018 -- A deadline is coming up on May 26, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Higher One Holdings Inc (NYSE: ONE) between August 7, 2012 and August 6, 2014.

Investors who purchased a significant amount of shares of Higher One Holdings Inc (NYSE: ONE) between August 7, 2012 and August 6, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Higher One Holdings Inc (NYSE: ONE) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/higher-one-holdings-inc-nyse-one-investor-securities-class-action-lawsuit-05272014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is May 26, 2018.

The lawsuit was originally filed in the U.S. District Court for the District of Connecticut against Higher One Holdings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between August 7, 2012 and May 12, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of Higher One Holdings Inc (NYSE: ONE) common shares between August 7, 2012 and May 12, 2014, that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

The plaintiff claims that between August 7, 2012 and May 12, 2014 defendants made allegedly false and/or misleading statements and/or failed to disclose that Higher One Holdings Inc's marketing and disclosure practices were in violation of the Federal Trade Commission Act, that Higher One Holdings Inc's allegedly improper marketing and disclosure practices would subject Higher One Holdings Inc to potential restitution demands and civil penalties, and that the amounts of potential restitution demands and civil penalties could reach levels that would cause an event of default under Higher One Holdings Inc's Credit Facility.

Those who purchased shares of Higher One Holdings Inc (NYSE: ONE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-75-million-settlement-in-the-higher-one-holdings-inc-nyse-one-investor-lawsuit-976543.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com