Wilhite v. Expensify, Inc., et al.,
Did you purchase Expensify stock?
Law Firm: Levi & Korsinsky, LLP
Est. Recovery
$9,500,000
About this case
Expensify Inc. will pay $9.5 million to resolve claims that it provided misleading information to investors in its 2021 IPO about the outlook for its bottom-up business model and the impact of price increases. The lead plaintiff on Thursday asked the court for preliminary approval and for certification of a class of purchasers who acquired shares under or traceable to the 2021 IPO registration statement. If the U.S. District Court for the District of Oregon approves the settlement, it will dismiss claims against the expense-management firm, its former executives, and the IPO underwriters.
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