Securities litigation settlement payment

Checked on September 18, 2026. The cited source supports part of this claim, but not all of it.

The order does require defendants to pay $2,350,000 into an interest-bearing escrow account to settle the class action. However, the 30-day clock runs from the later of the order's entry or defendants' receipt of the necessary payment details, not simply from the order's entry.

Confirmed in the source:

• The court's preliminary approval order in the Hut 8 securities class action directs that defendants shall pay or cause the payment of $2,350,000 in cash
• The payment goes into an interest-bearing escrow account specified by Lead Counsel
• The payment is for the settlement of the securities class action

We could not confirm this from the cited source:

• The payment is due within 30 days of the order's entry; the order sets the deadline as 30 calendar days after the later of the order's entry or receipt of the payment information needed to make the payment, such as wiring instructions and a W-9

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of RECAP (https://archive.org/download/gov.uscourts.nysd.615242/gov.uscourts.nysd.615242.80.0.pdf) in full (30,887 characters, retrieved September 3, 2026) and checked each assertion in the claim against it.

confirms IN RE HUT 8 CORP. SECURITIES LITIGATION — Entry #80

Quote: “Defendants shall pay or cause the payment of $2,350,000 in cash into an interest-bearing escrow account specified by Lead Counsel”

View cached copy (2026-09-03)Live source ↗