The settlement of this shareholder class action lawsuit is on behalf of investors who held Revolution Acceleration Acquisition Corp. (“RAAC”) (NASDAQ: RAAC) (n/k/a Berkshire Grey, Inc.) Class A common stock as of Redemption Deadline of July 16, 2021, either of record or beneficially, who did not redeem all or some of their shares.
RAAC agreed to pay $7,500,000 to resolve this class action lawsuit alleging the company and/or certain of its officers and/or directors breached their fiduciary duties to the Class.
What’s the status of the Settlement?
On January 2, 2026, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who:
- Held acquired RAAC Class A common stock as of July 16, 2021, either of record or beneficially, who did not redeem all or some of their shares.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $7,500,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was February 21, 2026. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.RAACStockholderSettlement.com, or contact the claims administrator, A.B. Data, Ltd. at 1-877-580-7812.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.