Faruqi & Faruqi, LLP Announces Final Approval of a $2 Million Settlement in Sterrett v. Sonim Techs., Inc.

Faruqi & Faruqi, LLP is pleased to announce that the Court has granted final approval of the settlement in Sterrett v. Sonim Techs., Inc., et al., No. 3:19-cv-06416-MMC (N.D. Cal.), a federal securities class action.  Faruqi & Faruqi, LLP serves as Class Counsel in the action.  The settlement provides for a cash payment of $2,000,000 in exchange for, inter alia, the release of all claims alleged in the action.  A final approval hearing on the settlement was held on March 5, 2021.  A copy of the Court’s Final Judgment can be found here.