UPDATE: On June 1, 2023, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants, as approved by the order of the Court.
The information contained on this web page is only a summary of information presented in more detail in the Notice of
Pendency and Proposed of Class Action. (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
Subject to Court approval, Plaintiff Jeffrey L. Feinberg, individually and as trustee and beneficiary of the Jeffrey L. Feinberg Personal Trust, on behalf of the Classes, has entered into a proposed $3,600,000 settlement (the “Settlement”).
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement, unless you timely request to be excluded. The Class consists of:
All persons who purchased CPI Aerostructures, Inc. (“CPI” or “Company”) common stock, during the period between March 22, 2018 through February 14, 2020, inclusive, including purchasers of CPI Common Stock issued pursuant and/or traceable to CPI’s offering conducted on or about October 17, 2018, and are not otherwise excluded from the class (The “Class”). your rights except for certain persons and entities who are excluded from the Class by definition (see question 4 of the Notice
).
Please read the Notice
to fully understand your rights and options. Copies of the Notice
and Claim Form
can be found on the menu at the left of this page.
Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
Please read the Notice
carefully. If you have questions, you may call the CPI Aerostructures Securities Settlement Help Line at 1-877-888-4839 or email info@CPIAeroStructuresSecuritiesSettlement.com.