Quotient Technology $48M Stockholder Settlement, Check If You’re Included — In re Quotient Technology Inc. Merger Litigation, No. 2024-0104-JTL

if you held Quotient Technology (formerly Coupons.com) stock on September 5, 2023, and got paid $4.00 a share when the company was sold — you’re likely included. Quotient’s former CEO, its financial advisor, and the buyers agreed to pay $48,000,000 to settle claims that they steered that sale in at too low a price. There’s no claim form. Your payment comes automatically if you qualify.

Quotient Technology Stockholder Settlement — Key Facts

Settlement Amount	$48,000,000
Claim Deadline	None required — payment is automatic, no claim form
Who Qualifies	Record and beneficial holders of Quotient common stock on September 5, 2023, who received $4.00 per share in cash
Estimated Payout	UNVERIFIED — per-share amount not yet set; it’s the Net Settlement Fund divided by all eligible shares, calculated after court approval
Proof Required	No
Settlement Status	Proposed — awaiting final court approval
Court & Case Number	Delaware Court of Chancery, C.A. No. 2024-0104-JTL
Law Alleged	Breach of fiduciary duty; aiding and abetting breach of fiduciary duty
Administrator	A.B. Data, Ltd.
Official Claim Site	QuotientStockholderSettlement.com
Last Updated	July 20, 2026

Who Is Quotient Technology and Why Is Its Sale Being Challenged?

Quotient Technology, formerly Coupons.com, built digital coupon and promotions technology for retailers like Procter & Gamble and CVS out of its Salt Lake City headquarters. In 2023, private equity firm Charlesbank Capital Partners bought the company for $4.00 a share through its affiliate, CB Neptune Holdings. Stockholders say the man running that sale, CEO Matthew Krepsik, had his own reasons to want the deal done fast — and at that price.

What Did Quotient’s Leadership Do to Stockholders Between 2023 and 2026?

According to the complaint filed by Saxena White P.A., Charlesbank had signaled to Krepsik that he’d eventually lead the combined company after the sale closed. He also stood to collect sizable change-in-control payments once the deal went through. One dissenting Quotient director reportedly called the outcome “in 30 years, the most outrageous thing I have ever seen.”

Houlihan Lokey, the bank Quotient hired to tell its board whether $4.00 a share was a fair price, isn’t off the hook either. SEC filings show Houlihan stood to collect roughly $10.7 million for its work — $1.5 million just for delivering its fairness opinion, and the rest contingent on the sale actually closing. Plaintiffs say that fee structure — sometimes called a legal settlement payout dispute over an advisor’s own financial stake — gave Houlihan a reason to bless a low number rather than push for more. That pattern, where a private equity buyer allegedly gets a friendly nudge from a board’s own hired advisors, echoes what AllAboutLawyer.com covered in the Covetrus $70 million Delaware stockholder settlement.

Defendants deny all of it. They say Krepsik had no conflict, Houlihan didn’t tilt anything, and $4.00 a share was fair — especially since no other bidder ever emerged. Still, it took 55 document requests, 90 interrogatories, and more than 485,000 pages of records over two years to get both sides to a $48 million number.

Who Qualifies for the Quotient Technology Stockholder Settlement?

Here’s exactly how to know if this case includes you.

• Anyone who held Quotient Technology (ticker QUOT) common stock — directly or through a broker — when the merger closed on September 5, 2023
• Investors who received the $4.00-per-share cash payout for those shares
• People who bought Quotient shares before September 5, 2023 that hadn’t yet settled at closing — those shares count too
• Stockholders who sold their Quotient shares before the merger closed do not qualify

Excluded from the class: Krepsik, Houlihan, Charlesbank, and Neptune themselves; former executives Yuneeb Khan and Connie Chen; ten named former Quotient directors; and their immediate family members and controlled entities.

Related article: Travelers UIM Insurance Settlement, Check If You Qualify — Aguilar-Tafoya and Brewton v. Travelers, No. 1:23-0247 JB/JMR

Quotient Technology Stockholders Outside Delaware — Are You Still Covered?

This case sits in the Delaware Court of Chancery, but Delaware residency has nothing to do with eligibility. Any qualifying stockholder nationwide — or overseas — who held Quotient shares at the September 5, 2023 closing is covered.

Not sure if you qualify for the Quotient Technology stockholder settlement? A free consultation with a securities fraud attorney can help before the September 8, 2026 deadline.

How Much Can Quotient Technology Settlement Class Members Get?

The $48,000,000 Settlement Amount sits in escrow until the court signs off. From there, taxes, notice and administration costs, any Fee and Expense Award, and other court-approved costs come out first, leaving the Net Settlement Fund. That fund is split pro rata: your Eligible Shares times the total fund, divided by everyone’s eligible shares combined. More shares in the pool means a smaller per-share number — but you don’t do any of that math yourself. The administrator handles it.

You’ll be paid the same way you got your original $4.00-a-share merger payment. If your shares were held in a brokerage account, the payment routes through your broker. If you were a record holder, it comes directly to you. Payments over $600 may show up on a 1099 — check with a tax professional.

Plaintiffs’ Counsel can ask the court for up to 24% of the settlement fund — as much as $11,520,000 — plus incentive awards of up to $1,250,000 for the stockholders who brought the case. That’s a real chunk of the total. But the court sets the final number, not the lawyers, and any leftover funds that go unclaimed get redistributed to the class before a dime goes anywhere else.

What Do You Need to Do to Get Paid From the Quotient Technology Settlement?

1. Do nothing to register. If you held Quotient shares at the September 5, 2023 closing, you’re already in.
2. Know how your shares were held — through a broker (street name) or directly as a record holder — since that determines your payment channel.
3. Wait for the Delaware Court of Chancery to grant final approval at the September 22, 2026 hearing.
4. Once approved, and if no appeals delay it, A.B. Data, Ltd. calculates your per-share payment.
5. Watch your brokerage account or mailbox — payment arrives the same way your original $4.00 did.
6. If you believe you’re eligible but never received a notice, call A.B. Data at 1-877-888-9446.

⚠️ The objection deadline is September 8, 2026 — about seven weeks from today. You don’t need to do anything to get paid, but if you have concerns about the settlement or the attorneys’ fee request, that’s your window to speak up.

Can Quotient Technology Class Members Opt Out or Object Before September 8, 2026?

Why You Can’t Opt Out of the Quotient Settlement

This is a non-opt-out class action, certified under Delaware Court of Chancery Rules 23(b)(1) and 23(b)(2). Every eligible stockholder is automatically part of it. There’s no option to exclude yourself and go file your own separate lawsuit instead.

How to Object to the Quotient Technology Settlement

You can still tell the court you disagree with the deal, the payout plan, or the attorneys’ fee request. Written objections must reach the Register in Chancery, Court of Chancery of the State of Delaware, 500 North King Street, Wilmington, Delaware 19801, by September 8, 2026, and must reference “In re Quotient Technology Inc. Merger Litigation, C.A. No. 2024-0104-JTL.”

Talk to a securities fraud attorney before September 8, 2026 if you’re considering objecting.

Quotient Technology Stockholder Settlement — Key Dates, 2026

Milestone	Date
Settlement Agreed in Principle	January 5, 2026
Term Sheet Signed	March 5, 2026
Stipulation Executed	May 11, 2026
Objection Deadline	September 8, 2026
Notice of Intent to Appear Deadline	September 15, 2026
Final Approval Hearing	September 22, 2026
Expected Payment Date	UNVERIFIED — no date set; distribution follows court approval and resolution of any appeals

For comparison, a similarly structured non-opt-out Delaware buyout case is covered in AllAboutLawyer’s Gores Guggenheim SPAC $25 million settlement breakdown, which walks through how these mandatory classes work in more detail.

Quotient Technology Stockholder Settlement — Frequently Asked Questions, No. 2024-0104-JTL

Do I need a lawyer to receive the Quotient Technology settlement payment?

 No. Eligible stockholders are paid automatically through the same channel that paid the original $4.00 merger price — no claim form or class action lawsuit attorney is required to collect.

Is the Quotient Technology $48 million settlement legitimate?

 Yes. It’s authorized under Delaware Court of Chancery case C.A. No. 2024-0104-JTL and still needs final court approval at the September 22, 2026 hearing before any money moves.

When will Quotient Technology settlement payments be sent?

 No date is set. Payment follows final court approval and the resolution of any appeals — check QuotientStockholderSettlement.com for updates as the case progresses.

What if I sold my Quotient shares before the September 5, 2023 merger closed?

 You’re not part of the Settlement Class. Only stockholders who held shares through closing and received the $4.00-per-share payout qualify for compensation for damages here.

Will my Quotient settlement payment go on a 1099?

 Payments over $600 may be reported on a 1099. Talk to a tax professional about how a lawsuit settlement check affects your return.

Why is Houlihan Lokey named as a defendant in the Quotient case?

 Plaintiffs allege the investment bank, which stood to collect about $10.7 million once the sale closed, aided and abetted Krepsik’s breach of fiduciary duty by favoring Charlesbank during the sale process. Houlihan denies this.

Can I sue Quotient’s former CEO separately after this settlement is approved?

 No. Because this is a non-opt-out class, final approval releases all stockholders’ merger-related claims — you can’t pursue an individual legal claim covering the same conduct afterward.

What happens at the September 22, 2026 settlement hearing?

 Vice Chancellor J. Travis Laster decides whether to grant final class action settlement eligibility approval, whether the payout plan is fair, and how much Plaintiffs’ Counsel gets in fees.

Sources Used in This Quotient Technology Article

• Official Settlement Notice — In re Quotient Technology Inc. Merger Litigation, C.A. No. 2024-0104-JTL: https://quotientstockholdersettlement.com/media/accbomy0/quotient-notice_-final.pdf
• Saxena White P.A. Case Page — Quotient Technology Inc.: https://www.saxenawhite.com/cases/quotient-technology-inc/
• SEC Form DEFM14A — Quotient Technology Inc., 2023: https://www.sec.gov/Archives/edgar/data/1115128/000119312523199246/d514905ddefm14a.htm
• Law360 — “Quotient Investors Seek Approval Of $48M Merger Deal,” May 12, 2026: https://www.law360.com/articles/2476543/quotient-investors-seek-approval-of-48m-merger-deal
• Verified Stockholder Class Action Complaint, Boal v. Krepsik: https://www.saxenawhite.com/wp-content/uploads/2024/02/Boal-v.-Krepsik-Redacted-Public-Version-of-Complaint-2.12.24.pdf

Researched and written by Israr Ahmad, legal content researcher and founder of AllAboutLawyer.com. All facts verified against the official settlement notice and Delaware Court of Chancery filings on July 20, 2026. Last Updated: July 20, 2026.

This article is for informational purposes only and does not constitute legal advice. Laws vary by state and individual circumstances differ. For advice about your specific situation, consult a qualified attorney.