Settlement Proposed in National Holdings Stockholder Class Action

The litigation, Nancy Frank, as Trustee of The Frank Trust v. Michael Mullen, centers on the 2021 merger that saw investors exchange their holdings for cash. A settlement hearing is scheduled for November 16, 2026, at the Leonard L. Williams Justice Center in Wilmington, Delaware, where the Court will evaluate the fairness of the agreement and the proposed distribution of the settlement fund.

Class members who wish to object to the settlement terms, the plan of allocation, or the requested attorneys' fees must submit a formal written objection to the Register in Chancery no later than November 2, 2026. This filing must include documentation, such as brokerage statements, to verify membership in the affected class. Investors seeking additional information or copies of the formal notice can contact the claims administrator, RG/2 Claims Administration, LLC, or visit the designated settlement website.