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Casper Sleep, Inc. It defines the class of persons and entities that purchased or otherwise acquired Casper common stock during the specified period tied to the February 7, 2020 IPO. The notice explains potential case outcomes, disputed liability and damages issues, and reasons for settlement, including a proposed settlement amount of $3,000,000 and estimates of average recovery per share.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/casper-sleep-inc-notice-of-pendency-and-settlement-of-class-action/503836/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/casper-sleep-inc-notice-of-pendency-and-settlement-of-class-action/503836.png","ImageObject",300,407,{"name":92,"@type":93},"noah","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-22","2026-10-03",true,{"@type":102,"interactionType":103,"userInteractionCount":24},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What transactions qualify someone as a class member in this notice?","Question",{"text":112,"@type":113},"Class membership covers those who purchased or otherwise acquired Casper common stock pursuant to, or traceable to, the February 7, 2020 initial public offering, and/or during March 19, 2020 through May 12, 2020 (both dates inclusive).","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What is the proposed settlement amount and how is average recovery estimated?",{"text":117,"@type":113},"The notice states a proposed settlement of $3,000,000. It estimates that approximately 8.4 million shares may have been impacted and that, if all eligible holders participate, average recovery could be $0.35 per share before deduction of fees and costs.",{"name":119,"@type":110,"acceptedAnswer":120},"What happens regarding attorneys’ fees, expenses, and administration costs if the court approves the settlement?",{"text":121,"@type":113},"Class Counsel may apply for attorneys’ fees up to 33 1/3% of the settlement amount and expenses up to $280,000, and a compensatory award to the plaintiff up to $15,000. The court authorizes up to $250,000 of the settlement amount for notice publication, mailing, and administration, with additional administration costs requiring further court approval.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},503836,1791377268,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":24,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":36},1099529839121,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK  \nROBERT LEMATTA, Individually and On Behalf of )  \nAll Others Similarly Situated, )  \nPlaintiff, ))  \nv. )  \n) Case No. 1:20-cv-02744  \n)  \n) Hon. Margo K. Brodie  \n)  \nCASPER SLEEP, INC., et al.,  \nDefendants. ))  \n)  \n   )  \nNOTICE OF PENDENCY AND SETTLEMENT OF CLASS ACTION  \nTO: ALL PERSONS AND ENTITIES THAT PURCHASED OR OTHERWISE ACQUIRED CASPER COMMON STOCK PURSUANT OR TRACEABLE TO THE COMPANY’S FEBRUARY 7, 2020 INITIAL PUBLIC OFFERING, AND/OR DURING THE PERIOD FROM MARCH 19, 2020, THROUGH MAY 12, 2020, BOTH DATES INCLUSIVE (THE “CLASS”).  \nEXCLUDED FROM THE CLASS ARE DEFENDANTS, ANY FORMER OR CURRENT OFFICER OR DIRECTOR OF CASPER OR DURATIONAL CAPITAL MANAGEMENT LP, MEMBERS OF THEIR IMMEDIATE FAMILIES AND THEIR LEGAL REPRESENTATIVES, HEIRS, SUCCESSORS, OR ASSIGNS, AND ANY ENTITY IN WHICH ANY OF THE ABOVE HAS OR HAD A MAJORITY OWNERSHIP INTEREST. ALSO EXCLUDED FROM THE CLASS ARE ANY PERSONS AND ENTITIES WHO OR WHICH SUBMIT A REQUEST FOR EXCLUSION FROM THE CLASS THAT IS ACCEPTED BY THE COURT.  \nPLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAYBE AFFECTED BY LEGAL PROCEEDINGS IN THIS LITIGATION. IF YOU ARE A MEMBER OF THE CLASS DESCRIBED HEREIN, YOU MAY BEENTITLED TO RECEIVE A PAYMENT PURSUANT TO THE PROPOSED SETTLEMENT DESCRIBED BELOW.  \nCLASS RECOVERY: This Notice has been sent to you pursuant to an Order of the United States District Court for the Eastern District of New York (the “Court”) in the above-captioned action (the “Action”) . This is not a solicitation from a lawyer. One of the purposes of this Notice is to inform you of the proposed Settlement of the Action for $3,000,000 (Three Million U.S. Dollars) . Lead Plaintiff Saleh Doron Gahtan (“Plaintiff”) estimates that approximately 8.4 million shares of Casper may have been impacted. If all such shares were impacted, and all holders are eligible to and elect to participate in the Settlement, the average recovery per share could be $0.35, before deduction of any fees, expenses, costs, and awards described herein. The actual amount disbursed to members of the Class who participate in the Settlement may be more or less than this figure.  \nPOTENTIAL OUTCOME OF THE CASE: The parties vigorously disagree on both liability and damages, and do not agree on what damages per share would be recoverable if Plaintiff prevailed on each claim alleged under the Securities Act of 1933 and the Securities Exchange Act of 1934. The issues on which the parties disagree include, but are not limited to: (a) whether Defendants made any material misrepresentations or omissions; (b) whether Defendants acted with the requisite state of mind (scienter); (c) the materiality of the allegedly false and misleading statements; and (d) the effect, if any, of those statements on the price of Casper’s common stock. Defendants deny that they are liable to the Plaintiff or the Class, and the Settlement is not an admission of wrongdoing or liability.  \nREASONS FOR SETTLEMENT: Plaintiff believes that the proposed Settlement is fair, reasonable, adequate, and in the best interests of, the Class. Plaintiff and his counsel have reached this conclusion after investigating and considering, among other things, the strengths and weaknesses of Plaintiff’s claims, including Defendants’ contentions that the Class’s claims are without merit and have not been adequately pled, the uncertainties of this complex litigation,  \nthe legal and factual defenses available to Defendants, and the concrete benefits provided by the Settlement to the members of the Class. The Settlement was entered into after extended mediation proceedings. Without admitting any wrongdoing or liability whatsoever, Defendants are nevertheless willing to settle to avoid the continuing burden, expense, and inconvenience of this Action, as well as to avoid the cost, delay, and risk of continuing the Action, provided that all of the claims of the Class are settled and compromised.  \nATTORNEYS","cbCaitn0D2GioE9b","https://ap.wps.com/l/cbCaitn0D2GioE9b","pdf",297161,16,"English","# Notice of Pendency and Settlement of Class Action\n## Class recovery and estimated recovery per share\n## Potential outcome of the case\n## Reasons for settlement\n## Attorneys’ fees and costs sought\n## Notice and administration costs\n## Identification of plaintiff’s counsel\n## The class involved in the proposed settlement","[{\"question\":\"What transactions qualify someone as a class member in this notice?\",\"answer\":\"Class membership covers those who purchased or otherwise acquired Casper common stock pursuant to, or traceable to, the February 7, 2020 initial public offering, and/or during March 19, 2020 through May 12, 2020 (both dates inclusive).\"},{\"question\":\"What is the proposed settlement amount and how is average recovery estimated?\",\"answer\":\"The notice states a proposed settlement of $3,000,000. It estimates that approximately 8.4 million shares may have been impacted and that, if all eligible holders participate, average recovery could be $0.35 per share before deduction of fees and costs.\"},{\"question\":\"What happens regarding attorneys’ fees, expenses, and administration costs if the court approves the settlement?\",\"answer\":\"Class Counsel may apply for attorneys’ fees up to 33 1/3% of the settlement amount and expenses up to $280,000, and a compensatory award to the plaintiff up to $15,000. The court authorizes up to $250,000 of the settlement amount for notice publication, mailing, and administration, with additional administration costs requiring further court approval.\"}]","Casper Sleep, Inc. - Notice of Pendency and Settlement of Class Action | PDF",1791060878]