Olo Inc. (OLO) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline

Rhea-AI Summary

Levi & Korsinsky announces a $9,000,000 settlement in the class action lawsuit against Olo Inc. (NYSE: OLO). The class includes individuals and entities that purchased Olo's Class A common stock between March 17, 2021, and August 11, 2022. Affected shareholders must file claim forms by July 9, 2024, to be eligible for their share of the settlement. Levi & Korsinsky, known for their extensive experience and success in securities litigation, is facilitating this process to ensure timely claims submission.

Positive

• A $9,000,000 settlement fund has been established for class members.
• Class members who file their claims by July 9, 2024, are eligible for a pro-rata share of the settlement.
• Levi & Korsinsky has a strong track record in securing settlements for shareholders.

Negative

• The class action lawsuit suggests potential past issues with Olo Inc.'s performance or disclosures.
• Shareholders need to take action quickly to claim their share, indicating a sense of urgency and potential inconvenience.

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all persons and entities that purchased or otherwise acquired shares of the Class A common stock of Olo Inc. between March 17, 2021 and August 11, 2022, 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 July 9, 2024.

For more details on the settlement, including a copy of the claim form, please visit: https://zlk.com/settlement-form/?redirect=aHR0cHM6Ly96bGsuY29tL3NldHRsZW1lbnQvb2xvLWluYy1zZXR0bGVtZW50&spr=511&wire=1&ticker=OLO

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 Olo Inc. settlement about?

The settlement is a $9,000,000 fund established for shareholders who purchased Olo's Class A common stock between March 17, 2021, and August 11, 2022.

Who is eligible for the Olo Inc. settlement?

Anyone who purchased or acquired shares of Olo's Class A common stock between March 17, 2021, and August 11, 2022.

How can I claim my share of the Olo Inc. settlement?

Eligible shareholders must file a claim form by July 9, 2024, to receive a pro-rata share of the settlement.

What is the deadline to file a claim for the Olo Inc. settlement?

The deadline to file a claim form is July 9, 2024.

Who is handling the Olo Inc. settlement?

Levi & Korsinsky, a law firm specializing in securities litigation, is handling the settlement.