Class Action
Evolv AI Weapons-Detection Securities Litigation
In re Evolv Technologies Holdings, Inc. Securities Litigation
Where it stands
$15,000,000 all-cash settlement. Judge Allison D. Burroughs granted preliminary approval on April 16, 2026. Claim deadline August 12, 2026; exclusion and objection deadline September 3, 2026; settlement fairness hearing set for September 24, 2026 at 1:00 p.m. Estimated average recovery approximately $0.14 per damaged share before fees and expenses.
Key ruling
Preliminary approval of the $15 million class settlement entered April 16, 2026 (Burroughs, J.); final approval hearing scheduled September 24, 2026.
Note on this record
The March 25, 2024 filing date is the date of the first-filed complaint (Raby v. Evolv Technologies Holdings, Inc.) that became the consolidated action; the exact original filing date was not independently confirmed from a docket. Final approval had not been entered as of 2026-08-23.The record
- Court
- U.S. District Court for the District of Massachusetts
- Case number
- 1:24-cv-10761-ADB
- Filed
- 2024-03-25
- Defendants
- Evolv Technologies Holdings, Inc. (f/k/a NewHold Investment Corp.) · Certain Evolv officers and directors
- Plaintiffs
- All persons and entities that purchased or acquired publicly traded Evolv common stock between June 28, 2021 and October 25, 2024, inclusive, and were damaged thereby
- Technology at issue
- Evolv Express AI-powered weapons-detection screening systems
- Relief sought
- Class damages under Exchange Act §§ 10(b) and 20(a) and Rule 10b-5
- Settlement
- $15,000,000
- Counsel of record
- Glancy Prongay Wolke & Rotter LLP (f/k/a Glancy Prongay & Murray LLP) · Andrews DeValerio LLP (liaison counsel)
Claims pleaded
Sources (3)
- Notice of Pendency and Proposed Settlement of Class Action (Long Form Notice)Court-approved settlement administrator (D. Mass.) · 2026-04-16
- Pending Class Action Lawsuit Involving the Purchase and/or Acquisition of Evolv Technologies Holdings, Inc. Common Stock Between June 28, 2021 and October 25, 2024PR Newswire · 2026-05-01
- Evolv Technologies (EVLV) Hit with Securities Class Action After Disclosing SEC Investigation, BBC Report Disputing Company's ClaimsGlobeNewswire (Hagens Berman) · 2024-04-01
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