If you bought Virgin Galactic Holdings Inc. (SPCE) or Social Capital Hedosophia Holdings Corp. (IPOA) common stock during the qualifying period, you may be eligible to receive a payment from an $8.5 million securities class action settlement.
To receive a payment, eligible investors must submit a valid claim by August 13, 2026.
Why this lawsuit exists?
The lawsuit alleged that Virgin Galactic Holdings Inc. and certain officers made false or misleading statements about the company’s commercial spaceflight program. According to the plaintiffs, those statements artificially inflated the price of Virgin Galactic securities before corrective disclosures allegedly caused investor losses.
Who qualifies?
You may be eligible if you:
- Purchased or otherwise acquired publicly traded shares of Virgin Galactic Holdings Inc. (SPCE) or Social Capital Hedosophia Holdings Corp. (IPOA) common stock
- Did so between July 10, 2019, and August 4, 2022 (inclusive)
Both individuals and entities may qualify.
How much can you receive?
The settlement creates an $8,500,000 settlement fund. Your payment depends on several factors, including:
- The number of valid claims submitted
- The number of shares you purchased or acquired
- When you bought, sold, or held your shares
- Your calculated recognized losses under the court-approved allocation plan
Estimated average recoveries before deductions are:
- Approximately $0.075 per damaged share for eligible Active Claims
- Approximately $0.0012 per damaged share for eligible Dismissed Claims
Actual payments may be higher or lower depending on the total claims submitted and each investor’s trading history.
Your options
| Option | What It Means | Deadline |
|---|---|---|
| Submit a Claim | File a claim to receive your share of the settlement if eligible. | August 13, 2026 |
| Exclude Yourself | Remove yourself from the settlement and keep your right to pursue your own lawsuit. | June 18, 2026 |
| Object | Tell the Court why you disagree with the settlement or fee request. | June 9, 2026 |
| Do Nothing | Receive no payment and give up the rights covered by the settlement. | N/A |
How to file a claim?
Eligible investors can submit a claim online or download and mail a paper claim form.
Before filing, be prepared to provide:
- Your transaction history for Virgin Galactic or Social Capital shares
- Brokerage statements or trade confirmations supporting your purchases and sales
- The last four digits of your Social Security number or taxpayer identification number
Online claims require you to upload supporting documentation, while mailed claims require printed documentation. According to the settlement information, mailed claims will have their recognized loss reduced by the greater of $5 or 1%.
If you purchased eligible Virgin Galactic or Social Capital shares during the class period, don’t miss the filing deadline. Review your trading records, gather your supporting documents, and submit your claim before August 13, 2026.
