Investors of Katapult Holdings Stock Who Held Shares of FinServ Acquisition Corp Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

Investors of Katapult Holdings Stock Who Held Shares of FinServ Acquisition Corp Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - FSRV, KPLT

ACCESSWIRE
25 Jan 2023, 03:05 GMT+10

NEW YORK, NY / ACCESSWIRE / January 24, 2023 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of FinServ Acquisition Corp. ('FinServ') (NASDAQ:FSRV), now known as Katapult Holdings, Inc. ('Katapult') (NASDAQ:KPLT), breached their fiduciary duties to FinServ's shareholders.

Kehoe Law Firm, P.C., Tuesday, January 24, 2023, Press release picture

The investigation concerns whether FinServ's board of directors or executive officers breached their duties of disclosure, duties of candor, and requirements to act in good faith, and whether FinServ's shareholders suffered damages as a result.

On June 7, 2021, FinServ shareholders of record as of May 11, 2021 approved a merger between FinServ and Katapult.

On August 10, 2021, Katapult announced quarterly financial results, which included disappointing revenue and earnings numbers. Katapult also pulled all future guidance, and Katapult stock has declined significantly since the merger.

INVESTORS OF KATAPULT STOCK WHO HELD FINSERV SHARES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR KATAPULT/FINSERV SECURITIES.

INVESTORS OF KATAPULT HOLDINGS WHO HELD FINSERV STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.

Contact:

David Rabbiner
Kehoe Law Firm, P.C.
215-792-6679

SOURCE: Kehoe Law Firm, P.C.

View source version on accesswire.com:
https://www.accesswire.com/736536/Investors-of-Katapult-Holdings-Stock-Who-Held-Shares-of-FinServ-Acquisition-Corp-Encouraged-to-Contact-Kehoe-Law-Firm-PC--Breach-of-Fiduciary-Duties-Investigation--FSRV-KPLT

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.

More Information

17 ℉

Cloudy / Windy in Pittsburgh

Pennsylvania

Section

US says Russian businessman traded on illegal information

BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...

Another Biden household searched for classified documents

WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...

Exec for Juan Valdez coffee sentenced to jail in $900,000 theft

NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...

NFL sponsors CPR training in wake of Damar Hamlin episode

The NFL and the American Heart Association will come together to provide free CPR education and training throughout next week ...

Kyrie Irving Next Team Odds: Hollywood reunion with LeBron?

With Kyrie Irving reportedly asking out of Brooklyn before Thursday's trade deadline, the Los Angeles Lakers are the favored destination ...

Report: Broncos to interview Brian Flores, Sean Desai for DC position

The Denver Broncos have requested to interview both Brian Flores and Sean Desai for their defensive coordinator position, the NFL ...

International

Section