Vertex Energy Is Still Paying the $6.3M Settlement over Mobile Acquisition

So, if you missed it, Vertex Energy recently agreed to settle claims that it misled them about its hedging strategy and financial outlook after acquiring the Mobile refinery. And even though the deadline has passed, they're accepting claims from investors for a few more weeks.

So here's all I know about this agreement:

• Who is eligible?
• Anyone who acquired Vertex Energy, Inc. common stock between May 10, 2022, and August 8, 2022, inclusive, and were damaged thereby.
• Do you have to sell securities to be eligible?
• No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.
• How much can you recover?
• The final payout amount depends on your specific trades and the number of investors participating in the settlement. If 100% of investors file their claims – the average payout will be $0.18 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.72 per share.
• How long will it take to receive your payout?
• The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

Hope this info helps!