Overview
A $12.75 million class action settlement has been reached involving former stockholders of Fusion Acquisition Corp. (FAC) related to its merger with MoneyLion Inc.. The defendants—including Fusion Sponsor LLC, Broadhaven Capital Partners LLC, and several individuals—have agreed to the payout to resolve allegations of breach of fiduciary duty, aiding and abetting, and unjust enrichment.
Who Is Eligible to File a Claim?
You may be eligible if you meet all of the following criteria:
- You were a record or beneficial holder of Fusion Acquisition Corp. Class A Common Stock as of September 17, 2021.
- You chose not to redeem all or some of your shares during the merger process with MoneyLion.
- Eligibility also extends to heirs, successors-in-interest, transferees, and assigns.
How Much Can You Receive?
Payouts will be pro rata, meaning each class member’s compensation depends on:
- The number of eligible shares held.
- The total number of valid claims submitted.
How to File a Claim
Deadline to submit a claim: September 2, 2025
You can file in one of two ways:
- Online: Submit your claim electronically via the official settlement website.
- Mail: Download, print, and complete the PDF claim form, then mail it to:
MoneyLion Stockholder Settlement
c/o A.B. Data Ltd.
P.O. Box 173115
Milwaukee, WI 53217
What You’ll Need to Provide
Last four digits of your Social Security Number or Taxpayer ID.
Documentation proving:
Holdings of FAC Class A stock as of Sept. 17, 2021.
Any purchases, sales, or redemptions of FAC or MoneyLion stock from Sept. 18, 2021 to March 28, 2024.
MoneyLion stock holdings as of March 28, 2024 (if applicable).
Acceptable documents include: broker confirmation slips, account statements, or other official financial records.
Payment Options
Claimants can choose between:
Electronic payment (available for online claims).
Paper check mailed to the address provided on the claim form.
Settlement Fund Breakdown
The $12.75 million fund will be distributed as follows:
Up to $750,000 for administrative costs.
Attorneys' fees and legal expenses (amount to be determined).
Up to $5,000 per named plaintiff as service awards.
Remaining funds will be distributed to eligible class members.
Key Dates
Final Approval Hearing: July 24, 2025
Claim Filing Deadline: September 2, 2025
Payout Date: Payments will be issued after final court approval and processing of claims.
Why This Settlement Was Reached
The lawsuit claimed that stockholders who didn’t redeem their Fusion shares during the merger were harmed by misleading disclosures and a failure to act in their best interests. While the defendants deny any wrongdoing, they agreed to the settlement to avoid continued litigation costs and uncertainty.
Sources:
[Settlement Notice]
[Settlement Agreement]
[Settlement Filing Portal]
Award: Varies
Deadline: September 2, 2025
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.
