The Delaware Court of Chancery has scheduled a settlement hearing for September 22, 2026, to review the terms of the agreement. Vice Chancellor J. Travis Laster will preside over the proceedings to determine the fairness of the payout and approve the distribution plan for eligible stockholders who held shares on September 5, 2023. Unlike many class action cases, eligible members are not required to submit a claim form to participate in the pro rata distribution of the net fund.
Quotient Technology Shareholders Reach $48 Million Settlement
A $48 million cash settlement has been reached in the class action litigation concerning the 2023 acquisition of Quotient Technology Inc. The deal, which resolves claims against defendants including Matthew Krepsik and Charlesbank Capital Partners, follows the company's $4.00-per-share sale to CB Neptune Holdings, LLC.
Legal counsel for the plaintiffs, Saxena White P.A., confirmed that the settlement aims to resolve all outstanding claims related to the merger. Any objections to the proposed allocation or fee awards must be filed with the Register in Chancery by September 8, 2026. Detailed documentation and further instructions for stockholders are available through the dedicated settlement website or the appointed administrator, A.B. Data, Ltd.
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