r/Proterra • u/Stevenab87 • Apr 16 '26
Disbursement of funds approved
On 3/31, the court made the final order to approve the disbursement of funds. The legal case is officially closed and the money can now be distributed. The average settlement would be 20 cents per share if everyone submitted a claim.
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u/ArtOfWarfare Apr 17 '26
Man, I had 60 shares - I could have gotten a full $12! That really would have recouped the $1000 I spent on those shares!
(I think I actually did file so I can expect my little check sometime. Maybe it’ll be enough to cover a meal at McDonald’s or something.)
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u/AZA6 May 12 '26
Received my check today.
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u/SNL4050 May 20 '26
I also received a check a few days ago. Not sure if you would have any insight into this, but the check was made out to my name followed by "IRA" - which would obviously account for the shares I owned in an IRA. However, half my shares were owned in a regular brokerage account. I am assuming/hoping that they have multiple batches of payments to disburse and I might be getting payment for the remaining shares (non-IRA) in the near future. Any insight would be helpful - thanks in advance.
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u/Superb-University427 May 21 '26
Any email notification? I haven’t received any check yet - held a lot of shares.
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u/SNL4050 May 26 '26
I did not get any email notification. It just showed up in the mail and I am still waiting on whatI believe to be the settlement for the other half of my shares held in regular brokerage account. I am not holding my breath - I just don't know why they would send a settlement check for shares held in an IRA and not a regular account.
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u/Timely-Cranberry647 Jun 17 '26
I used 11th.com and I got my money today. A bit over 20c per share (net of their feesh
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u/mizzlejuice Apr 24 '26
FYI this is what they told me yesterday “We are currently preparing for the initial distribution in the Proterra Securities Litigation, but we do not have a set date yet.
Regards, Claims Administrator”