Virgin Galactic ($SPCE) Is Paying a Settlement to Investors — Here’s How to Get Your Share

Court: E.D. New York

Case: 1:21-cv-03070

Virgin Galactic SPCE agreed to settle claims that it misled investors by concealing critical engineering flaws and accounting issues tied to its spacecraft models.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons or entities who purchased publicly traded common stock of Virgin Galactic Holdings, Inc. and/or Social Capital Hedosophia Holdings Corp. between July 10, 2019 and August 4, 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 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.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically check which ones you might have missed — or file manually for this case.