Pompano Beach Police And Firefighters Retirement System v. Olo Inc. et al

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Case Number:

1:22-cv-08228

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Jed S. Rakoff

Firms

Companies

Sectors & Industries:

  1. June 11, 2024

    Attys For Restaurant Software Investors Ring Up $2.25M Fee

    Attorneys representing investors in a suit against restaurant software company Olo Inc. will receive $2.25 million for brokering settlement of class action claims alleging the company touted an ill-fated partnership with sandwich chain Subway as an example of its success.

  2. February 21, 2024

    Restaurant Software Co.'s $9M Investor Deal Gets 1st OK

    Shareholders in restaurant digital commerce software company Olo Inc. have received an initial green light for a $9 million deal to settle class action claims the company touted a soon-to-end partnership with fast-food chain Subway as an example of its success.

  3. December 01, 2023

    Investors Score Class Cert. In $480M Subway 'Exodus' Suit

    A New York federal judge has certified a class of investors and provided reasoning for his rejection of a dismissal motion in a suit alleging a restaurant software company used partnerships with Subway stores as an example of its success while knowing its relationship with the fast-food franchise would be ending.

  4. February 06, 2023

    Software Company Seeks Exit From Investors' $480M Suit

    A restaurant software company denied investors' claims that it used partnerships with Subway stores as an example of its success while knowing its relationship with the fast-food franchise would be ending, claiming it warned them that customers might stop using its software modules.

  5. September 27, 2022

    Restaurant Co. Investors Sue Over $480M Subway 'Exodus'

    A restaurant software company touted the success of its Subway partnership while knowing its relationship with the fast food franchise would soon be ending, investors seeking class status told a New York federal court.

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