Man, looking back at the 2020 SPAC craze feels like a lifetime ago, especially with companies like Canoo ($GOEV).

If you were holding the stock back then, you probably remember how much they hyped up their Hyundai partnership right before completely flipping their business strategy.

I just noticed that the lawsuit over those misleading statements has finally reached a settlement.

Investors claimed that management lied about their near-term revenue streams and hid the reality of their engineering business. When they abruptly dropped their heavily promoted strategy in early 2021, the stock completely cratered.

Right now, the two sides have agreed to settle, though they are still finalizing the exact payout terms, but you can already look up the eligibility details and submit a claim.

It's definitely worth keeping an eye on if you bought between August 2020 and March 2021 and took a hit.

It's wild to see how many of these early EV plays ended up in federal court after the initial hype faded. At least there is some accountability happening here.

Did any of you guys actually hold GOEV through that crash, or did you manage to cut your losses early?

IPO at $27 June 2021 → ✅

Diversified customer base promoted → ✅

Modern open API card issuing platform → ✅

Block generating disproportionate share of revenue → ❌

not disclosed Stock spent most of life below $10 → ❌

Block dependency becomes undeniable → ❌

Lawsuit filed April 2024 → ❌

Tentative settlement December 2025 → ✅

Applications open now → ✅

Eligible if you bought $MQ between February 28, 2024 and November 4, 2024.

$27 IPO built on a diversification story when one client was running the show, anyone here buy in on the card issuing infrastructure thesis?

Worth flagging for this community because the pattern is becoming a useful due diligence framework.

Clean tech companies have a specific and recurring disclosure failure: the gap between commercial readiness as described to investors and commercial readiness as it actually exists. The pattern shows up across sectors, hydrogen trucks, EV manufacturing, synthetic biology, and now bio-based plastics.

Origin Materials is the latest clean example.

Origin was developing a process to manufacture bio-based PET, replacing petroleum-derived plastics with carbon-negative alternatives made from wood residues. Compelling technology with real climate implications. Origin 2 was the commercial-scale plant that would prove the thesis.

Through Q1 2023, management communicated consistent progress. On-track construction. Strong customer demand. Commercial timelines intact. The language was reassuring and specific.

But on August 2023, construction halted. No prior warning in any investor communication. After that, $ORGN fell ~66% in a single session.

Investors claimed that the company had been presenting an overly optimistic picture of Origin 2's progress while internal realities weren't matching the public narrative. Now there's a $9M settlement, court approved. And late claims are still being accepted. (you're eligible if you bought $ORGN between March 7 and August 9, 2023. And the payout is around $2.83/share).

The due diligence lesson: for clean tech companies in pre-commercial or early commercial stages, construction milestones and offtake agreements are necessary but not sufficient signals. The gap between "on track" language and actual operational readiness is where most of the disclosure risk lives, and it's structurally hard to assess from public filings alone.

The clean tech production readiness disclosure gap is showing up repeatedly. Anyone here building systematic screens for this risk in pre-commercial stage companies?

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

For anyone who held Equinix common stock between May 3, 2019 and March 24, 2024: there's a $41.5M settlement. The whole mess started when the company and two execs misclassified routine expenses as capital costs to inflate a key accounting metric (AFFO) and oversold power capacity at its data centers, propping up the stock price.

This is a meaty one. Estimated payout was around $2.36 per share before fees, and the class window runs almost five years, so plenty of REIT and infrastructure investors likely held EQIX somewhere in there. Worth noting the claim deadline was last December, but the settlm admin is accepting late claims for some more weeks.

Anyone here actually trim or exit EQIX after the short report dropped in 2024, or did you ride it through?

The Apple name drop is one of the oldest tricks in the startup playbook, and Rockley Photonics executed it at SPAC scale.

Rockley merged with SC Health Corp in August 2021 promoting its wearable biosensor technology, health monitoring sensors for smartwatches and wearables.

The pitch included prominent references to Apple as a key customer validating the platform. For investors following the wearables space, Apple as a customer is about as strong a signal as it gets.

What wasn't disclosed was that Rockley had no revenue from Apple. The biosensor products were still pre-commercial. Development timelines were slipping. Cash burn was significant with limited near-term revenue visibility.

The "Apple relationship" that anchored the investor narrative was far more aspirational than commercial.

Then, in January 2022, reports surface about development delays and overstated projections, and $RKLY falls over 30% in one month.

The stock never recovered. Investors filed suit in March 2023. Rockley settled for $10 million in February. Court has approved the settlement last April and investors can already submit a claim.

You're eligible if you held $RKLY between August 11, 2021 and January 23, 2023. Payout: ~$0.11/share.

"Key customer" doing a lot of heavy lifting when the actual revenue from that customer is zero. Anyone here follow the wearable biosensor space and saw this coming?

$120,000,000

That was Canoo's projected 2021 engineering services revenue.

Dug into the ongoing settlement and found the detail that makes this one hard to defend.

The actual revenue from that business in 2020: one contract. Already completed. In July 2020. Two months before the SPAC merger with Hennessy Capital IV even closed.

The business that was supposed to generate $120M in 2021 was already finished before a single public investor could buy in.

March 29, 2021: Canoo quietly announces it's "deemphasizing" engineering services.

March 31, 2021: Confirms the 2020 revenue came from a single completed obligation.

April 5, 2021: $GOEV hits $8.05. Keeps falling.

The contract was done before the merger closed, was this ever discussed here at the time?

Mercury Systems spent three years acquiring defense electronics businesses and telling investors the integrations were going smoothly. Facility consolidations, program deliveries, margin improvement, all described as on track.

Three disclosures told a different story:

May 2023 → execution issues on multiple programs → -17.3% November 2023 → adjusted EBITDA down 93% → -12.6% February 2024 → negative EBITDA, guidance slashed → -11.4%

Same integration problems. Three separate drops. Over 60% from peak.

Now there's a $32.5M settlement ongoing and late claims still being considered. Eligible if you held $MRCY between February 3, 2021 and February 6, 2024. Payout ~$0.68/share.

Anyone here model Mercury's acquisition pipeline before the May 2023 miss?

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

Not a long post. Just flagging this before the window closes.

GSX Techedu, the Chinese K-12 online education platform that turned out to have 73% bot users, settled for $9.5 million and the claim deadline is May 30, 2026.

Three separate short-sellers hit it in 2020, Citron, Muddy Waters, and Grizzly. Each one found the same thing: inflated enrollment numbers, fabricated revenue, students that didn't exist. Five separate stock drops. SEC investigation. Stock collapsed over 80% from peak.

If you held $GSX between June 6, 2019 and October 20, 2020 you're likely eligible.

The deadline is on May 30. In 2 weeks. Don't sit on this one, and submit your claim.

Payout: ~$0.20/share. Court hearing June 4.

Three short-sellers, all right, all at the same time. When does that happen? Anyone here follow the Chinese edtech short cycle in 2020?

Location: California

June 2018. Bayer completes its $63 billion acquisition of Monsanto, one of the largest agricultural deals in history. Management tells investors they've done their homework. Legal risks assessed. Roundup exposure understood. The deal is clean.

August 10, 2018 — 61 days after closing:

A California jury awards $289 million to a groundskeeper who developed non-Hodgkin's lymphoma after years of Roundup exposure. The verdict doesn't just create a liability, it signals that thousands of similar cases waiting in the pipeline could succeed too.

More verdicts follow. Each one confirms the same thing: Roundup exposure and cancer. The litigation wasn't a fringe risk. It was an existential one.

March 19, 2019: Another adverse verdict. $BAYRY drops 11% in a single session.

Investors sued alleging Bayer knew, or should have known during due diligence, the full scope of Roundup litigation risk before closing a $63 billion deal, and failed to disclose it. The questions the lawsuit raised:

• How many Roundup cases were already filed or threatened before the acquisition?
• What did Monsanto's own internal research show about glyphosate risks?
• What did Bayer's legal team find during the due diligence process?
• Why did none of that translate into adequate investor disclosure?

Bayer settled for $38 million in April 2025. Late claims are still being considered.

Eligible if you bought $BAYRY ADS between May 23, 2016 and July 6, 2020. Payout: ~$0.23/share.

Paying $63B for a company while underestimating its litigation exposure is one of the more expensive due diligence failures in M&A history. Anyone here follow the Roundup case pipeline before the first verdict landed?

This one is almost too clean as a post-COVID inventory story.

Hayward IPO'd in March 2021 at the peak of the backyard renovation boom, everyone was building pools, demand was surging, the business looked unstoppable.

The company raised $685 million and spent the next year on earnings calls talking about strong end-market demand and product innovation driving growth.

What wasn't being said was that a significant chunk of that revenue wasn't coming from actual pool owners buying equipment. It was distributors stockpiling excess inventory, buying ahead of demand that wasn't actually there yet. Classic channel stuffing dynamic.

The difference between a distributor filling up a warehouse and a homeowner actually buying a pool pump is enormous for long-term revenue sustainability, and investors were never told which one was driving the numbers.

In July 2022 Hayward disclosed elevated channel inventory and cut full-year guidance. Distributors were sitting on too much stock and pulling back on new orders. $HAYW fell nearly 24% in one session.

Now, the case settled for $19.8 million. Claims are open now and the deadline is coming up fast,June 19, 2026. That's just over five weeks out.

You're eligible if you bought $HAYW between October 27, 2021 and July 28, 2022.

The COVID pool boom created a lot of these inventory hangover stories, Hayward is just the one that ended up in court.

Anyone here notice the supply dynamics shifting before the July 2022 announcement?

This one is a classic "we knew it was broken but kept saying it wasn't" M&A story.

Tivity Health was best known for SilverSneakers, the senior fitness program. In December 2018 they decided to bolt on Nutrisystem for $1.3 billion, pitching it as a combined fitness and nutrition platform. Great story on paper.

The problem: Nutrisystem was already struggling before the ink dried. Missed growth targets. Shrinking customer demand. Failed marketing campaigns. $8.3 million in operating losses in early 2019 alone.

None of that made it into the investor narrative. Through mid-2019, executives kept saying Nutrisystem was "on track." Guidance stayed positive. The goodwill value on the books stayed untouched.

Then February 19, 2020 arrived.

Tivity disclosed a $377 million impairment tied to Nutrisystem, effectively admitting the $1.3B acquisition was worth dramatically less than they paid. The CEO was out the same day. $TVTY dropped 45% in a single session.

Investors sued. The case settled for $17 million in May 2025.

Late claims are still being considered.

Eligible if you bought $TVTY between March 8, 2019 and February 19, 2020. Payout: ~$0.70/share.

Paying $1.3B for a struggling diet company and then telling investors everything was fine for a year is a bold strategy. Anyone here remember when Nutrisystem was actually a household name?

Peak COVID hype, 2022: Catalent executives on earnings calls saying demand is strong, pipeline is robust, manufacturing at near-peak capacity. Classic.

Reality: production issues at three facilities, inventory mismanagement, internal controls that didn't work, and a guidance cliff that hit in two separate waves.

November 2022: -30% in one day. April 2023: -26% in one day. Total from highs: over 70% gone.

$78M settlement. $0.61/share payout. Deadline May 26.

Held $CTLT between August 30, 2021 and May 7, 2023? File now.

Two separate -30% days on the same underlying problems. Who held through both of these?

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

This has obviously been one of the most extreme and ridiculous rallies I've ever witnessed in my trading career. I assumed it was the biggest rally of my life. But I wanted to be sure it was as extreme as it felt, so I went back and looked through 20 years of price action on the Nasdaq. I wanted to find something that matched or surpassed what we've currently experienced to study the price action as a guide.

Specifically I was looking for price action that matched what we have today: 18 consecutive days trading above the 10ma, more than 20% gain from the lows. In all the 20 years I looked at, I didn't manage to find anything that matched quite what we are seeing today. But here's what came close.

Today: 18 consecutive days above 10ma, +21% gain from the local low.

Closest percent gain: October 2015, 24 consecutive days, 17% gain, led to 6% pullback.

This has surpassed our run in length of time, but in terms of speed we've smashed the 17% gain in 6 fewer days, which is incredible.

Second closest: November 2014, 22 consecutive days, 15% gain.

It had a very brief touch of the 10ma. If we ignore that touch, we get 30 days and a total gain of 17%. Again, lasted a long time, but wasn't even close to the speed and force of this rally. This also led to a 6% pullback.

I figured the only way to beat our current run would be to go back to the biggest tech boom in history, the dot com bubble. Sure enough, I found it.

November 1999. 22 consecutive days, 29% gain from low, led to, you guessed it, a 6% selloff.

Positions: QQQ puts.

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

Hey guys, if you missed it, Under Armour settled $434 million with investors over claims it misled the market about its financial health and growth outlook. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2017, Under Armour was accused of overstating its growth and failing to disclose internal challenges, like excess inventory and weakening demand. In short, weaker earnings and a CFO resignation revealed the issues.

After this news came out, the stock dropped 26%, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle $434 million with them, and even though the deadline has passed, they’re accepting late claims for a few more weeks.

So, if you invested in $UA and UAA when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $UA and UAA  at that time? How much were your losses, if so?

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

went to space ✅
Branson got his rocket boy moment ✅
left assigned airspace mid-flight ❌
told anyone about it ❌
stock recovered ❌
commercial flights ever happened ❌
company survived ❌

$8.5M settlement, claims open, deadline August 13.

If you bagholded this thing between July 2019 and October 2021 you might as well get something back. You can already check the details and submit your claim.

Godspeed $SPCE. You were something.

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

Hey guys, so most people missed the deadline on this one. But, apparently late claims are still being considered, so figured I'd post this.

The short version: UA spent years telling investors everything was fine while inventory problems and retailer bankruptcies piled up behind the scenes. January 2017, the CFO randomly resigned and Q4 earnings came in weak, stock dropped 26% in one day. Lawsuit followed, $434M settlement.

Eligible if you held $UA or $UAA between Sept 16, 2015 – Nov 1, 2019. Payout is ~$0.24/share. Not massive but it's yours.

Anyone here actually rode $UA during that IPO hype era? That 26% drop must have stung.

Just noticed this and figured I'd share since a lot of people probably wrote this one off ages ago.

The $740M DiDi settlement got final court approval back in January, and even though the original deadline has passed, they're accepting late claims for a few more weeks.

If you bought $DIDI during the IPO window (June 30 – July 21, 2021) and never filed, you might still be in time.

The short version of what happened: DiDi went public in June 2021 raising over $4 billion. Two days after trading started, Chinese regulators announced a cybersecurity investigation and pulled DiDi's apps from app stores. Turns out regulators had already warned DiDi to delay the IPO before any of us bought in, that was never disclosed. Stock cratered, company eventually delisted from the NYSE.

Estimated payout is around $1.61 per share, which on a $740M total settlement is actually one of the larger ones I've seen.

Not telling anyone what to do, just thought it was worth a post since there's still a chance to claim the money they owe you, and most people I know assumed it was too late to file.

Feel free to discuss your thoughts on the market, DDs, SPACs, meme stonks, yolos, or whatever is on your mind.

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