Glancy Prongay Wolke & Rotter LLP Secures $7.5 Million For Vintage Wine Estates Investors
Fri 25th Sep 2026 | Posted by Melissa Wright, on General, News,
Glancy Prongay Wolke & Rotter obtained approval of a $7.5M all-cash securities settlement for investors of Vintage Wine Estates, Inc. (formerly NASDAQ: VWE). Glancy Prongay Wolke & Rotter LLP served as Court-appointed Lead Counsel for the Settlement Class.
The Honorable Gloria M. Navarro, United States District Judge of the District of Nevada, entered judgment approving the $7.5M securities settlement on September 22, 2026, after a settlement fairness hearing held that day. Muehlbauer Law Office, Ltd. served as liaison counsel and Block & Leviton LLP served as additional counsel. The action was prosecuted on behalf of Court-appointed lead plaintiffs Marilyn Ezzes and Jeffrey Davies and additional plaintiff Michael Salbenblatt.
Case Snapshot
| Case | Ezzes v. Vintage Wine Estates, Inc. |
|---|---|
| Court | U.S. District Court for the District of Nevada |
| Docket No. | 2:22-cv-01915-GMN-DJA |
| GPWR’s Role | Court-appointed Lead Counsel |
| Amount Recovered | $7,500,000 (cash) |
| Practice Area | Securities Class Action |
| Summary | Glancy Prongay Wolke & Rotter LLP, as Court-appointed Lead Counsel, recovered $7.5 million for Vintage Wine Estates, Inc. investors who alleged that the company and three of its executives misrepresented its inventory levels and overhead burden, culminating in a February 2023 announcement that certain financial statements could no longer be relied upon and would be restated. |
The Settlement Class
The Court certified, for settlement purposes, a Settlement Class consisting of all persons and entities that purchased the publicly traded common stock of Vintage Wine Estates, Inc. between October 13, 2021 and February 8, 2023, both dates inclusive, and were damaged thereby. Certain persons and entities are excluded from the Settlement Class by definition, including Vintage Wine Estates’ officers and directors during the class period and their immediate families. The full class definition and list of exclusions appear in the Court-approved Notice.
The Allegations
The litigation concerned allegedly false and misleading statements concerning the company’s inventory levels and overhead burden made by Vintage Wine Estates and three of its executives during the class period.
On September 13, 2022, Vintage Wine Estates reported fourth-quarter fiscal 2022 results that included $19.1 million in non-cash inventory adjustments and incremental overhead burden attributable to prior periods. On February 8, 2023, the company disclosed that its Audit Committee had determined that its financial statements for the quarter ended September 30, 2022 should no longer be relied upon and would be restated due to an accounting error. In July 2024, Vintage Wine Estates filed for Chapter 11 bankruptcy protection and announced it would voluntarily delist its common stock from Nasdaq.
The settlement was entered with defendants Patrick Roney, Katherine DeVillers, and Kristina Johnston. Defendants deny that they violated the federal securities laws. The settlement is not an admission of liability by any defendant, and the Court’s judgment makes no finding of wrongdoing.
How to File a Claim
Settlement Class Members who wish to receive a payment from the Net Settlement Fund must submit a valid Claim Form, postmarked (if mailed) or submitted online no later than October 9, 2026.
Claim Forms and the full Notice are available at www.VintageWineSecuritiesSettlement.com, or from the Claims Administrator:
Vintage Wine Securities Litigation
c/o Strategic Claims Services
600 N. Jackson Street, Suite 205
P.O. Box 230
Media, PA 19063
(866) 274-4004
info@strategicclaims.net
Settlement Class Members who do not submit a timely, valid Claim Form will not share in the distribution but will remain bound by the Court’s judgment and the releases it provides.
Frequently Asked Questions
Who is eligible to recover from the Vintage Wine securities settlement?
Investors who purchased Vintage Wine Estates, Inc. publicly traded common stock between October 13, 2021 and February 8, 2023, inclusive, and who were damaged as a result, are Settlement Class Members, subject to the exclusions in the Court-approved Notice.
What is the deadline to file a claim in the Vintage Wine $7.5M securities settlement?
Claim Forms must be postmarked (if mailed) or submitted online no later than October 9, 2026.
How much was the Vintage Wine Estates securities settlement?
The settlement is $7,500,000 in cash, obtained by Glancy Prongay Wolke & Rotter LLP as Court-appointed Lead Counsel and approved by the U.S. District Court for the District of Nevada on September 22, 2026.
What happens if I do nothing?
Settlement Class Members who do not submit a timely, valid Claim Form receive no payment but remain bound by the Court’s judgment and the releases it provides.
About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP is a national law firm representing investors and consumers in complex litigation, with a practice concentrated in securities class actions and shareholder litigation. The firm is headquartered in Los Angeles.
Contact
Casey E. Sadler, Esq.
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150 | settlements@glancylaw.com
The case is Ezzes v. Vintage Wine Estates, Inc., No. 2:22-cv-01915-GMN-DJA (D. Nev.).