dMY IV Class Action Settlement Hearing Set for December 2026
News related to:dMY Technology Group, Inc. IV · 1 min read
SEATTLE, Oct. 23, 2026 /CourierPR/ -- In the Court of Chancery of the State of Delaware, a stockholder class action involving dMY Technology Group, Inc. IV (dMY IV) has been preliminarily certified as a class action. The lawsuit, which pertains to the period between December 1, 2021, and December 7, 2021, has reached a proposed settlement of $11,000,000.00 in cash. The settlement is set to be finalized in a hearing on December 10, 2026, at 9:30 a.m., either in person at the Court of Chancery Courthouse, 34 The Circle, Georgetown, Delaware, 19947, or remotely by telephone or videoconference.
The hearing will be presided over by The Honorable Bonnie W. David, Vice Chancellor. The settlement will be reviewed for final certification, adequacy, and fairness. Plaintiffs and their counsel will be evaluated for their representation of the class. The court will also consider whether the settlement should be approved and dismissed with prejudice, and whether any fee and expense awards should be granted to Plaintiffs' Counsel.
Eligible class members, including all record and beneficial holders of dMY IV Class A common stock between the specified dates, are encouraged to review the full notice and complete a claim form. Proofs of claim and release must be submitted online by January 9, 2027, or by mail and received by the same date. Any objections to the settlement, the proposed plan of allocation, or Plaintiffs' Counsel's application for the fee and expense award must be filed with the Register in Chancery by November 17, 2026.
The settlement is a significant development for dMY IV stockholders, as it addresses potential claims related to the company's operations during the specified period. The hearing and the subsequent approval process will determine the fate of the settlement and the rights of the affected stockholders. Class members are strongly encouraged to carefully review the full notice and complete the claim form to ensure they receive their share of the settlement if it is approved.