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The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Vertex Energy, Inc. Common Stock - VTNRQ
VertexVertex(US:VERX) GlobeNewswire News Roomยท2025-05-19 13:00

Core Points - The United States District Court for the Southern District of Texas has approved a proposed class action settlement for purchasers of Vertex Energy, Inc. common stock [1][4] - The settlement amount is $6,300,000, which is subject to approval for fairness and adequacy [4] - A hearing is scheduled for July 30, 2025, to determine the approval of the settlement and the distribution plan [4] Settlement Class Details - The settlement class includes all individuals who purchased or acquired Vertex Energy, Inc. common stock from May 10, 2022, through August 8, 2022 [4][5] - A Proof of Claim must be submitted by June 20, 2025, to participate in the distribution of the settlement fund [5] - Members of the settlement class who do not request exclusion will be bound by the judgment in the consolidated actions [6] Legal and Administrative Information - The lead counsel for the plaintiffs is The Rosen Law Firm, P.A., and they are requesting attorneys' fees of up to one third of the settlement amount [4][7] - Objections to the settlement must be submitted by July 9, 2025 [7] - The court has instructed not to contact the court or clerk's office regarding this notice [8]