#United States #Wilmington #Class A Common Stock #Settlement #Foley Trasimene

Class Action Settlement for FTAC II

Overview

A significant class action lawsuit has been initiated regarding Foley Trasimene Acquisition Corp. II, commonly known as FTAC II. Information was distributed on October 7, 2026, indicating that the Court of Chancery in Delaware has authorized a summary notice of a proposed settlement that affects all individuals holding Class A Common Stock in FTAC II as of March 23, 2021.

Background

Michael Farzad and Gregory Perri, acting as plaintiffs, have brought forth this action against various defendants associated with FTAC II, including Trasimene Capital Management and its leaders. The lawsuit only affects those shareholders who did not redeem their shares ahead of the specified redemption deadline.

Proposed Settlement Details

The plaintiffs and defendants have reached a proposed settlement amounting to $59.5 million. This settlement is designed to resolve all claims in the ongoing litigation. To receive payments from this settlement, shareholders must be part of the class that the Court has outlined. Notably, individuals who would not qualify include the defendants and their immediate families.

Settlement Hearing

A crucial settlement hearing is scheduled for December 8, 2026, at 9:15 a.m. in the court located in Wilmington, Delaware. At this hearing, the Judge will determine the fairness and adequacy of the proposed settlement and hear any objections raised by members of the class. Any decisions made at this hearing will be critical moving forward, as they will influence how claims related to this lawsuit will be resolved.

Participation and Claims

Individuals who find themselves included in this class may be entitled to share in the net settlement fund. Shareholders looking for more information or wishing to file a claim can do so by referring to official communications from the settlement administrator.

Key Dates and Important Information

• - Claim Deadline: It is essential for class members to submit proof of claim by following the instructions provided in the notices.
• - Objections: Should any class member have concerns regarding the settlement, these must be formally filed by November 20, 2026.
• - Contact Information: The settlement administrator can be contacted for queries or claims at:

- Address: FTAC II Stockholder Settlement, c/o JND Legal Administration, P.O. Box 91227, Seattle, WA 98111
- Phone: 1-877-926-1973
- Website: FTACIIStockholderSettlement.com

Conclusion

As the settlement hearing approaches, affected shareholders should be proactive in understanding their rights and the implications of the class action. This proposed settlement marks a significant step in addressing the claims associated with FTAC II and aims to provide compensation to those impacted by the actions of the defendants. It is advised for all class members to keep updated through the designated channels to ensure they do not miss essential deadlines or further instructions.