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 Raleigh Times.

More Information

64 ℉

Mostly Cloudy in Raleigh/Durham

Business

Section

Blaming cost of manufacturing, Nestle to raise prices for second year

VEVEY, Switzerland: In an interview with Frankfurter Allgemeine Zeitung this week, Nestle's Chief Executive Mark Schneider said the world's largest ...

Fed fails to cool economy as US sees 517,000 jobs created in January

WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...

Nasdaq Composite loses one percent as Treasury yields bit

NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...

102,000 job firings in US high tech in December, according to report

WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...

Settlement reached in long-running Airbus, Qatar Air legal dispute

PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

North Carolina

Section