Welcome to the website for the Romeo Power Inc. Securities Litigation.

Update June 11, 2024: Please note, the Court has reset the Final Settlement Approval Hearing for July 24, 2024, at 3:45 p.m. The call-in number is 1-888-363-4749, and the access code is 558-3333. Requests for exclusion must now be mailed or delivered such that it is received by July 3, 2024. Written objections must be filed with Court, and copies of any such objections served to Lead Counsel and Individual Defendants’ Counsel at the addresses set forth in the Notice, such that they are filed and received no later than July 3, 2024.


If you purchased or otherwise acquired publicly traded: (i) RMG Acquisition Corp. (“RMG”) Class A common stock or Romeo Power, Inc. (“Romeo”) common stock; (ii) RMG warrants or Romeo warrants; and/or (iii) RMG units, between October 5, 2020 and August 16, 2021, inclusive (the “Settlement Class Period”) and were injured thereby you could receive a payment from the class action settlement. Certain persons are excluded from the settlement as set forth in the Notice.

Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the action in exchange for a settlement payment of $14,900,000 in cash (the “Settlement Amount”) to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation is included on this website. A hearing will be held on July 10, 2024 at 3:45 p.m., at the United States District Court for the Southern District of New York, United States Courthouse, Courtroom 1106, 40 Foley Square, New York, NY 10007. The call-in number is (888) 363-4749, and the access code is 558-3333.

Update 6/11/24: The Final Settlement Approval Hearing has been reset for July 24 at 3:45 p.m.


Please read the Notice to fully understand your rights and options. The Frequently Asked Questions page of this website has more information on your rights as a member of the Settlement Class.


Your Legal Rights and Options in This Action
Submit a Claim Form

This is the only way to be eligible to receive a payment from the Net Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in the Notice) that you have against Individual Defendants and the other Released Defendant Parties (defined in the Notice), so it is in your interest to submit a Claim Form.

To be eligible to receive a payment from the Settlement Fund, a Settlement Class Member must submit a Claim Form online or postmarked no later than May 29, 2024.
Exclude Yourself from the Settlement

If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Individual Defendants or the other Released Defendant Parties concerning the Released Plaintiffs’ Claims.

If you do not want to be part of the Settlement Class, you can mail or deliver a written Request for Exclusion so that it is received no later than June 19, 2024.

Update 6/11/24: A Request for exclusion must be mailed or delivered such that it is received no later than July 3, 2024.
Object to the Settlement

If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.

To object to the Settlement, you can mail or deliver a written objection so that it is received no later than June 19, 2024.

Update 6/11/24: Written objections must now be filed with the Court, and copies of any such objections served to Lead Counsel and Individual Defendants’ Counsel at the addresses set forth in the Notice, such that they are filed and received no later than July 3, 2024.
Attend a Telephonic Hearing

The hearing on whether to approve the settlement will be held on July 10, 2024, at 3:45 p.m. Filing a written objection and notice of intention to appear by so that it is received no later than June 19, 2024, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

Update 6/11/24: The Final Settlement Approval Hearing has been reset for July 24, 2024, at 3:45 p.m.

Update 6/11/24: Written objections must now be filed with the Court, and copies of any such objections served to Lead Counsel and Individual Defendants’ Counsel at the addresses set forth in the Notice, such that they are filed and received no later than July 3, 2024.
Do Nothing.

If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Net Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

Please do not contact the Court, the Clerk’s office, the Individual Defendants, or their counsel regarding the Notice. All questions about the Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.


Current Status

More information will be posted to this website as it becomes available.


Important Dates
  • October 5, 2020–August 16, 2021
    Class Period
  • May 29, 2024
    Deadline to Submit a Claim Form
  • June 19, 2024
    Update 6/11/24: July 3, 2024
    Deadline to Exclude Yourself from the Class
  • June 19, 2024
    Update 6/11/24: July 3, 2024
    Deadline to Object to the Settlement
  • July 10, 2024, at 3:45 p.m.
    Update 6/11/24: July 24, 2024, at 3:45 p.m.
    Settlement Hearing

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