In re Carlotz, Inc. Securities Litigation

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re Carlotz, Inc. Securities Litigation Lead case: 21-cv-5906 (AS) OPINION AND ORDER ARUN SUBRAMANIAN, United States District Judge: BACKGROUND Class counsel in a class action under Federal Rule of Civil Procedure 23 are charged with serving all members of the class at all times during litigation, including during settlement. To ensure that counsel follows that mandate, the rule requires the Court to hold a hearing to find that a settlement is “fair, reasonable, and adequate” and allows members of the class to object to any…