$9.5M settlement proposed for Expensify IPO investors over alleged registration statement inaccuracies

Levi & Korsinsky, LLP announced a proposed $9.5 million class action settlement for purchasers of Expensify, Inc. common stock from its November 2021 IPO. The lawsuit alleges inaccuracies in Expensify's IPO registration statement violated securities laws, though defendants deny wrongdoing. A court hearing is scheduled for June 30, 2026, to approve the settlement, attorneys' fees, and dismissal of the case. Investors who bought Expensify shares during the IPO may submit claims by June 29, 2026, to participate in the settlement fund distribution.