Weedmaps Stock Investor Suit Heads Toward Settlement

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Legal Teams Line Up

The proposed class is represented by Laurence M. Rosen of The Rosen Law Firm PA.

The WM Technology defendants are represented by attorneys Sarah M. Lightdale, Alexandra R. Mayhugh, Maximilian Sladek de la Cal, Nicholas R. Orr and Heather M. Speers of Cooley LLP.

Former Silver Spike officers are represented by Edmund Polubinski, Daniel J. Schwartz, Marie Killmond and Mary Kate Sherwood of Davis Polk & Wardwell LLP, along with Anjani Mandavia of Mandavia Ephraim & Burg LLP.

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Representatives for the parties did not immediately respond to requests for comment Friday.

A Pause Before the Next Step

While the Weedmaps Stock investor Suit has not yet reached formal approval, the agreement in principle signals a turning point in litigation that has hovered over the cannabis technology company since the SEC’s intervention.

For investors, the coming weeks will determine whether the settlement closes a contentious chapter — or opens new scrutiny as details emerge. For now, the courtroom clock slows, awaiting a motion that could bring finality to a dispute rooted in the fine print of digital metrics and public disclosures.