ACCESSWIRE
25 Jan 2023, 03:05 GMT+10
NEW YORK, NY / ACCESSWIRE / January 24, 2023 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of FinServ Acquisition Corp. ('FinServ') (NASDAQ:FSRV), now known as Katapult Holdings, Inc. ('Katapult') (NASDAQ:KPLT), breached their fiduciary duties to FinServ's shareholders.
The investigation concerns whether FinServ's board of directors or executive officers breached their duties of disclosure, duties of candor, and requirements to act in good faith, and whether FinServ's shareholders suffered damages as a result.
On June 7, 2021, FinServ shareholders of record as of May 11, 2021 approved a merger between FinServ and Katapult.
On August 10, 2021, Katapult announced quarterly financial results, which included disappointing revenue and earnings numbers. Katapult also pulled all future guidance, and Katapult stock has declined significantly since the merger.
INVESTORS OF KATAPULT STOCK WHO HELD FINSERV SHARES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR KATAPULT/FINSERV SECURITIES.
INVESTORS OF KATAPULT HOLDINGS WHO HELD FINSERV STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
This press release may constitute attorney advertising.
Contact:
David Rabbiner
Kehoe Law Firm, P.C.
215-792-6679
SOURCE: Kehoe Law Firm, P.C.
Get a daily dose of St Louis Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Louis Star.
More InformationTEHRAN, Iran: A gunman this week stormed the Azerbaijan Embassy in the Iranian capital, Tehran, and killed its security chief ...
WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...
TOKYO, Japan: In a statement posted on the website of the Chinese Embassy in Tokyo, Beijing announced that it will ...
NEW YORK, New York - The U.S. dollar crumbled on Thursday after first posting gains. The late afternoon sell off ...
NEW YORK, New York - Wall Street dove into the red Wednesday after the U.S. Federal Reserve Open Market Committee ...
WASHINGTON D.C.: In the latest indication that its interest rate hikes are slowing the US economy, the Federal Reserve's main ...
BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...
TOKYO, Japan: After struggling for years to promote its products amid protests from conservationists, Japanese whaling company Kyodo Senpaku announced ...