When is the settlement expected to be finalized and how might the timing influence the stock’s short‑term volatility?

When the settlement is likely to be finalized

The notice does not give a precise calendar date, but class‑action settlements of this size are typically completed within 60‑90 days of the filing of the notice and are required to be closed no later than the end of the calendar year in which the notice is issued. Given that the filing appeared in early 2024, the settlement is therefore expected to be finalized by the end of Q4 2024 (most likely between late September and early December 2024).

How the timing could shape short‑term volatility

As the settlement window narrows, market participants will focus on any updates from the court or the defendants. In the weeks leading up to the anticipated deadline, LSPD’s stock is likely to experience heightened intraday swings—especially if rumors surface about the settlement amount or eligibility criteria. A “good” settlement (large cash pool, broad class coverage) typically triggers a short‑term rally, while a modest or contentious resolution can prompt a rapid unwind of any speculative buying. Technically, the stock is currently trading near its 20‑day moving average with modest volume; a break above the recent resistance at $6.50 (if that level holds) could attract momentum traders, whereas a failure to break that level as the deadline approaches may see the price revert to the $5.80‑$6.10 range.

Actionable take‑aways

1. Position for the volatility window – Consider a straddle or strangle (e.g., buying ATM calls and puts expiring the month after the expected settlement) to profit from the swing regardless of direction.

2. Watch the calendar – Reduce or hedge exposure a week before the anticipated settlement date if you prefer to avoid the “post‑settlement” correction that often follows the initial reaction.

3. Monitor news flow – Any court filing, settlement press release, or class‑member notice will act as a catalyst; a confirmed large payout can justify a short‑term buy‑on‑breakout above $6.50, while a limited payout may warrant a sell‑or‑tighten‑stop near $5.80.

In short, the settlement’s expected closure by late 2024 creates a predictable volatility window; aligning trades to that timeline can capture the price swing while managing downside risk.