Glancy Prongay Wolke & Rotter LLP Obtains Final Approval of $15 Million Settlement in Evolv Technologies Securities Class Action
A federal court in Massachusetts granted final approval of a $15 million settlement resolving securities fraud claims against Evolv Technologies Holdings, Inc. The settlement covers investors who purchased Evolv stock between June 28, 2021 and October 25, 2024. The litigation alleged false statements regarding the effectiveness of Evolv Express, improper customer arrangements, and financial misstatements that led to a restatement of fiscal years 2022 and 2023 financial statements.