Class action settlement
The shareholder class action against Capstone Turbine for false or misleading statements made during the period between June 12, 2014 and November 5, 2015 was settled and finalized with approval by the court six months ago on November 15, 2019.
Over the intervening six months there has been no news, no updates, no statements regarding when the promised settlement checks are supposed to go out.
It's no surprise this wasn't a hot topic on the message forums because the amount to which each claimant in entitled was calculated in part based on the number of claimants who responded, meaning the more respondents the less each one got. But I know I'm not the only one since at least a few people here did mention it prior to the filing deadline in October 2019.
I'm just curious as to whether anybody ever received a check or has any information at all regarding what happened to this case. Six months seems like an awfully long time to fulfill an obligation like this when it was several years in the making and most of the math had to have already been worked out prior to the judge's approval.
