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 Seattle Bulletin.

More Information

43 ℉

Mostly Cloudy in Seattle/Boeing

International

Section

As births continue to fall, Japan seeks incentives for parents

TOKYO, Japan: Japanese Prime minister Fumio Kishida said this week that it was "now or never" for Japan, one of ...

US moving towards offering annual Covid vaccines to most Americans

WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...

December crossings of US border set record

WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...

Canada faces resistance to cutbacks from oil-producing Alberta

OTTAWA, Canada: Canadian Prime Minister Justin Trudeau's Liberal government plans to implement its long-awaited workforce transition bill, the "Just Transition," ...

Japan's Kishida expected to visit Ukraine for talks with Zelenskiy

TOKYO, Japan: The Yomiuri newspaper has reported that Japanese Prime Minister Fumio Kishida is planning to visit Kyiv in February ...

Hawaii mourns death of last island princess

HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...

Business

Section