Northern Genesis (Lion Electric SPAC) $4M Stockholder Settlement
Filed against Lion Electric
People who used Lion Electric often qualify for 422 more open settlements
Estimated combined payout: up to $137,664
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About This Settlement
$4 million proposed settlement of Schachter v. Robertson (Del. Ch., C.A. No. 2023-1112-NAC), a stockholder class action against directors of the Northern Genesis SPAC over its merger with The Lion Electric Company. Defendants deny wrongdoing; settlement hearing December 1, 2026. Who is eligible: Persons who held Northern Genesis Acquisition Corp. (NGA) Class A common stock as of the April 21, 2021 redemption deadline and elected not to redeem all of those shares (defendants and affiliates excluded).
How to File Your Claim
- 1Verify your eligibility
Review the settlement details above to confirm you meet the criteria.
- 2Visit the official claim form
Always file through the official settlement administrator website.
- 3Submit before the deadline
You must file by January 30, 2027. Late claims are not accepted.
Frequently Asked Questions
How much can I get from the Lion Electric settlement?
Per-person payout amounts have not been published yet. Check the official settlement page for updates.
What is the deadline to file a claim?
The claim deadline is January 30, 2027. Claims submitted after this date will not be accepted.
Do I need proof to file a claim?
Yes, you may need to provide supporting documentation such as receipts or account records.
How do I file my claim?
Visit the official settlement administrator website to submit your claim. Always verify you are on the correct site before entering personal information.
Who is eligible for this settlement?
This settlement is available to eligible consumers in the United States. Check the official settlement notice for detailed eligibility criteria.
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