NEW
YORK, June 17, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Bakkt Holdings, Inc. f/k/a
VPC Impact Acquisition Holdings (NYSE: BKKT).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/bakkt-holdings-inc-f-k-a-vpc-impact-acquisition-holdings-loss-submission-form/?id=28674&from=4
This lawsuit is on behalf of persons and entities that purchased
or otherwise acquired: (a) Bakkt securities between March 31, 2021 and November 19, 2021, both dates inclusive; and/or
(b) Bakkt Class A common stock pursuant and/or traceable to
documents issued in connection with the business combination
between the Company and Bakkt Holdings, LLC completed on or about
October 15, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
June 20, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Bakkt Holdings, Inc. f/k/a VPC
Impact Acquisition Holdings issued materially false and/or
misleading statements and/or failed to disclose that: (i) the
Company had defective financial controls; (ii) as a result, there
were errors in the Company's financial statements related to the
misclassification of certain shares issued prior to the business
combination between the Company and Bakkt Holdings, LLC; (iii)
accordingly, the Company would need to restate certain of its
financial statements; (iv) the Company downplayed the true scope
and severity of these issues; (v) the Company overstated its
remediation of its defective financial controls; and (vi) as a
result, the documents issued in connection with the business
combination and defendants' public statements throughout the class
period were materially false and/or misleading and failed to state
information required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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content:https://www.prnewswire.com/news-releases/bkkt-shareholder-alert-jakubowitz-law-reminds-bakkt-holdings-inc-fka-vpc-impact-acquisition-holdings-shareholders-of-a-lead-plaintiff-deadline-of-june-20-2022-301569968.html
SOURCE Jakubowitz Law