Thomas Spitzer v Robert C Flexon et al No 2 23-cv-08659 Class Action Settlement

Published: August 21, 2026

Overview

A proposed settlement has been reached in a securities class action lawsuit against Capstone Green Energy Corporation. , was filed in the United States District Court for the Central District of California. The lawsuit centers on allegations that the company made misrepresentations or omissions regarding its publicly traded securities, causing financial harm to investors. The settlement applies to anyone who purchased or acquired Capstone Green Energy Corporation securities between November 11, 2020 and October 4, 2023, inclusive.

The company’s stock traded under multiple ticker symbols during this period: NASDAQ: CPST (until April 22, 2021), NASDAQ: CGRN (April 22, 2021 to October 5, 2023), OTCMKTS: CGRNQ (October 5, 2023 to December 7, 2023), and OTCPK: CGEH (beginning January 2, 2025). Excluded from the settlement class are the defendants, company officers and directors, members of their immediate families, and any entities under their control. The court-appointed lead plaintiffs, Michael Denisevich and Kevin Rudisill, negotiated the settlement on behalf of the class. The defendants have agreed to pay $2,250,000 to resolve all claims in the action.

Class members may submit a claim to receive a portion of this settlement fund. Alternatively, class members may opt out of the settlement or object to its terms. Those who take no action will remain bound by the settlement. All deadlines—for filing claims, requesting exclusion, and submitting objections—fall on October 23, 2025.

Important Documents

Official Settlement Website

For full details or to file a claim, visit:
https://www.strategicclaims.net/case/capstone/

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