Hanmi Financial Corporation (HAFC) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline

Rhea-AI Summary

Levi & Korsinsky has announced a settlement in the class action lawsuit against Hanmi Financial (NASDAQ: HAFC). The settlement amount is $3 million, available to those who purchased Hanmi common stock between August 9, 2018, and April 30, 2020. Affected shareholders must file a claim form by August 7, 2024, to receive their share. Levi & Korsinsky is not the lead counsel but is informing class members of the deadline. For more information and to file a claim, visit the link provided in the press release.

Positive

• Settlement of $3 million reached, benefiting shareholders.
• Class members defined clearly with specific dates for eligibility.
• Deadline for claim submission is August 7, 2024, giving ample time for filing.
• Levi & Korsinsky has a proven track record in securities litigation, enhancing trust in the settlement process.

Negative

• The settlement amount of $3 million may be considered low compared to potential losses incurred by shareholders.
• Hanmi Financial 's involvement in a class action lawsuit may negatively impact investor confidence.
• time frame for affected shareholders to have purchased stock (August 9, 2018, to April 30, 2020) means not all shareholders are eligible.

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Hanmi Financial Corporation (NASDAQ:HAFC). The settlement provides for a fund of $3,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: persons and entities that purchased publicly-traded Hanmi common stock between August 9, 2018 and April 30, 2020, both dates inclusive.

If you are a class member as defined above, you may be entitled to a pro-rata share of the settlement fund. In order to receive a share of the settlement, you must file a claim form by August 7, 2024.

For more details on the settlement, including a copy of the claim form, please visit: https://zlk.com/settlement-form/?redirect=aHR0cHM6Ly96bGsuY29tL3NldHRsZW1lbnQvaGFubWktZmluYW5jaWFsLWNvcnBvcmF0aW9uLXNldHRsZW1lbnQ=&spr=520&wire=1&ticker=HAFC

Levi & Korsinsky did not act as lead counsel or otherwise participate in litigating the above class action. We are providing this information as a courtesy to remind class members of the claims deadline so they can file their forms in a timely fashion.

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on accesswire.com

FAQ

What is the deadline to file a claim for the Hanmi Financial settlement?

The deadline to file a claim is August 7, 2024.

How much is the settlement fund for the Hanmi Financial class action lawsuit?

The settlement fund is $3 million.

What is the eligibility period for the Hanmi Financial class action settlement?

The eligibility period is for those who purchased Hanmi common stock between August 9, 2018, and April 30, 2020.

Where can I find the claim form for the Hanmi Financial settlement?

The claim form can be found at the link provided in the press release.

Did Levi & Korsinsky act as lead counsel in the Hanmi Financial class action lawsuit?

No, Levi & Korsinsky did not act as lead counsel but is providing information as a courtesy.