{"id":534488,"date":"2021-09-05T09:08:07","date_gmt":"2021-09-05T13:08:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case\/"},"modified":"2021-09-05T09:08:07","modified_gmt":"2021-09-05T13:08:07","slug":"kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case\/","title":{"rendered":"KPLT DEADLINE: Katapult Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN DIEGO<\/span>, <span class=\"xn-chron\">Sept. 5, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3280078-1&amp;h=3192883537&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;a=Robbins+Geller+Rudman+%26+Dowd+LLP\" rel=\"nofollow noopener\"><b>Robbins <span class=\"xn-person\">Geller Rudman<\/span> &amp; Dowd LLP<\/b><\/a> announces that purchasers and acquirers of Katapult Holdings, Inc. f\/k\/a FinServ Acquisition Corp. (NASDAQ: KPLT) securities between <span class=\"xn-chron\">December 18, 2020<\/span> and <span class=\"xn-chron\">August 10, 2021<\/span>, inclusive (the &#8220;Class Period&#8221;) have until <span class=\"xn-chron\">October 26, 2021<\/span> to seek appointment as lead plaintiff in the <i>Katapult<\/i> class action lawsuit.\u00a0 The <i>Katapult <\/i>class action lawsuit charges Katapult and certain of its top executives with violations of the Securities Exchange Act of 1934.\u00a0 The<i> Katapult <\/i>class action lawsuit (<i>McIntosh v. Katapult Holdings, Inc.<\/i>, No. 21-cv-07251) is pending in the Southern District of <span class=\"xn-location\">New York<\/span> and is assigned to Judge <span class=\"xn-person\">J. Paul Oetken<\/span>.<\/p>\n<p>\n        <b>If you wish to serve as lead plaintiff of the <i>Katapult <\/i>class action lawsuit, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3280078-1&amp;h=3928272537&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-katapult-holdings-inc-class-action-lawsuit-kplt.html&amp;a=please+provide+your+information+by+clicking+here\" rel=\"nofollow noopener\">please provide your information by clicking here<\/a>.\u00a0 You can also contact attorney <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3280078-1&amp;h=1127812589&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fattorneys-Juan-Carlos-Sanchez.html&amp;a=J.C.+Sanchez\" rel=\"nofollow noopener\">J.C. Sanchez<\/a> of Robbins Geller by calling 800\/449-4900 or via e-mail at <a target=\"_blank\" href=\"mailto:jsanchez@rgrdlaw.com\" rel=\"nofollow noopener\">jsanchez@rgrdlaw.com<\/a>.\u00a0 Lead plaintiff motions for the <i>Katapult<\/i> class action lawsuit must be filed with the court no later than <span class=\"xn-chron\">October 26, 2021<\/span>.<\/b>\n      <\/p>\n<p>\n        <b>CASE ALLEGATIONS<\/b>: FinServ was a blank check company, or special purpose acquisition company (&#8220;SPAC&#8221;), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.\u00a0 On <span class=\"xn-chron\">December 18, 2020<\/span>, FinServ announced that it had entered into a definitive merger agreement with legacy Katapult.<\/p>\n<p>The <i>Katapult <\/i>class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Katapult was experiencing declining e-commerce retail sales and consumer spending; (ii) despite Katapult&#8217;s assertions that it delivers a clear and compelling value proposition to both consumers and merchants, transforming the way nonprime consumers shop for essential goods and enabling merchant access to this underserved segment, Katapult lacked visibility into its consumers&#8217; future buying behavior; and (iii) as a result, defendants&#8217; positive statements about Katapult&#8217;s business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis.<\/p>\n<p>On <span class=\"xn-chron\">August 10, 2021<\/span>, Katapult issued a press release announcing disappointing financial results for the second quarter of 2021 including a net loss of <span class=\"xn-money\">$8.1 million<\/span>, compared to <span class=\"xn-money\">$5.1 million<\/span> in net income for the second quarter of 2020.\u00a0 Katapult further disclosed that it &#8220;observed meaningful [negative] changes in both e-commerce retail sales forecasts and consumer spending behavior&#8221; and retracted its full year 2021 guidance, claiming it could not &#8220;accurately predict our consumer&#8217;s buying behaviors for the remainder of the year.&#8221;\u00a0 On this news, Katapult&#8217;s share price fell more than 56%, damaging investors.<\/p>\n<p>Robbins <span class=\"xn-person\">Geller Rudman<\/span> &amp; Dowd LLP has launched <b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3280078-1&amp;h=2992644844&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-spac-blank-check-task-force.html&amp;a=a+dedicated+SPAC+Task+Force\" rel=\"nofollow noopener\">a dedicated SPAC Task Force<\/a><\/b> to protect investors in blank check companies and seek redress for corporate malfeasance.\u00a0 Comprised of experienced litigators, investigators, and forensic accountants, the SPAC Task Force is dedicated to rooting out and prosecuting fraud on behalf of injured SPAC investors.\u00a0 The rise in blank check financing poses unique risks to investors.\u00a0 Robbins Geller Rudman &amp; Dowd LLP&#8217;s SPAC Task Force represents the vanguard of ensuring integrity, honesty, and justice in this rapidly developing investment arena.<\/p>\n<p>\n        <b>THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Katapult securities during the Class Period to seek appointment as lead plaintiff in the <i>Katapult <\/i>class action lawsuit.\u00a0 A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.\u00a0 A lead plaintiff acts on behalf of all other class members in directing the<i> Katapult <\/i>class action lawsuit.\u00a0 The lead plaintiff can select a law firm of its choice to litigate the <i>Katapult <\/i>class action lawsuit.\u00a0 An investor&#8217;s ability to share in any potential future recovery of the <i>Katapult class <\/i>action lawsuit is not dependent upon serving as lead plaintiff.\u00a0 <\/p>\n<p>\n        <b>ABOUT ROBBINS GELLER RUDMAN &amp; DOWD LLP<\/b>: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman &amp; Dowd LLP is the largest U.S. law firm representing investors in securities class actions.\u00a0 Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever \u2013 <span class=\"xn-money\">$7.2 billion<\/span> \u2013 in <i>In re Enron Corp. Sec. Litig<\/i>.\u00a0 The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering <span class=\"xn-money\">$1.6 billion<\/span> for investors last year, more than double the amount recovered by any other securities plaintiffs&#8217; firm.\u00a0 Please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3280078-1&amp;h=1100402721&amp;u=http%3A%2F%2Fwww.rgrdlaw.com%2F&amp;a=http%3A%2F%2Fwww.rgrdlaw.com\" rel=\"nofollow noopener\">http:\/\/www.rgrdlaw.com<\/a> for more information.\u00a0 <\/p>\n<p>Attorney advertising.<br \/>Past results do not guarantee future outcomes.<br \/>Services may be performed by attorneys in any of our offices.<\/p>\n<p>Contact:<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Robbins Geller Rudman &amp; Dowd LLP<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0655 W. Broadway, <span class=\"xn-location\">San Diego<\/span>, CA\u00a0 92101\u00a0<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 J.C. Sanchez, 800-449-4900<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:jsanchez@rgrdlaw.com\" rel=\"nofollow noopener\">jsanchez@rgrdlaw.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA96170&amp;sd=2021-09-05\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case-301369328.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case-301369328.html<\/a><\/p>\n<p>SOURCE  Robbins Geller Rudman &amp; Dowd LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA96170&amp;Transmission_Id=202109050905PR_NEWS_USPR_____LA96170&amp;DateId=20210905\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO, Sept. 5, 2021 \/PRNewswire\/ &#8212; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers and acquirers of Katapult Holdings, Inc. f\/k\/a FinServ Acquisition Corp. (NASDAQ: KPLT) securities between December 18, 2020 and August 10, 2021, inclusive (the &#8220;Class Period&#8221;) have until October 26, 2021 to seek appointment as lead plaintiff in the Katapult class action lawsuit.\u00a0 The Katapult class action lawsuit charges Katapult and certain of its top executives with violations of the Securities Exchange Act of 1934.\u00a0 The Katapult class action lawsuit (McIntosh v. Katapult Holdings, Inc., No. 21-cv-07251) is pending in the Southern District of New York and is assigned to Judge J. Paul Oetken. If you wish to serve as lead plaintiff of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;KPLT DEADLINE: Katapult Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534488","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KPLT DEADLINE: Katapult Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kplt-deadline-katapult-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KPLT DEADLINE: Katapult Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, Sept. 5, 2021 \/PRNewswire\/ &#8212; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers and acquirers of Katapult Holdings, Inc. f\/k\/a FinServ Acquisition Corp. (NASDAQ: KPLT) securities between December 18, 2020 and August 10, 2021, inclusive (the &#8220;Class Period&#8221;) have until October 26, 2021 to seek appointment as lead plaintiff in the Katapult class action lawsuit.\u00a0 The Katapult class action lawsuit charges Katapult and certain of its top executives with violations of the Securities Exchange Act of 1934.\u00a0 The Katapult class action lawsuit (McIntosh v. Katapult Holdings, Inc., No. 21-cv-07251) is pending in the Southern District of New York and is assigned to Judge J. Paul Oetken. If you wish to serve as lead plaintiff of &hellip; Continue reading &quot;KPLT DEADLINE: Katapult Holdings, Inc. 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(NASDAQ: KPLT) securities between December 18, 2020 and August 10, 2021, inclusive (the &#8220;Class Period&#8221;) have until October 26, 2021 to seek appointment as lead plaintiff in the Katapult class action lawsuit.\u00a0 The Katapult class action lawsuit charges Katapult and certain of its top executives with violations of the Securities Exchange Act of 1934.\u00a0 The Katapult class action lawsuit (McIntosh v. Katapult Holdings, Inc., No. 21-cv-07251) is pending in the Southern District of New York and is assigned to Judge J. Paul Oetken. If you wish to serve as lead plaintiff of &hellip; Continue reading \"KPLT DEADLINE: Katapult Holdings, Inc. 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