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SPLK.US
id: 534

Splunk (SPLK) $30M Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. California
Court
4:20-cv-08600
Case number
21 May 2020
Class period Start
02 Dec 2020
Class period End
15 Feb 2024
Claim deadline
Splunk Inc. (SPLK) agreed to pay up to $30 million to settle a securities class action lawsuit over misleading investors about Q3 2021 deals & financial targets.

Those investors, who purchased the common stock of Splunk Inc. during the period from May 21, 2020, through December 2, 2020, inclusive, and continued to hold any $SPLK common stock after December 2, 2020, may be entitled to payout.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.79
Filing date
04 December 2020
Plaintiffs
Sheriffs’ Pension & Relief Fund
Attorneys
Bernstein Litowitz Berger & Grossmann LLP (Los Angeles, CA), Klausner, Kaufman, Jensen & Levinson (Plantation, FL)
Defendants
Douglas Merritt, Jason Child
Judge
Hon. Jon S. Tigar
Administrator
A.B. Data Ltd
Settlement agreement date
2023-01-30
Court hearing date
22 February 2024
Exclusion deadline
25 January 2024
Objection deadline
25 January 2024
Hearing deadline
25 January 2024
Trades matching type
FIFO
+$30,000,000
Total Settlement Amount

Splunk Inc

Splunk Inc., together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and ob...

    Ticker
    SPLK.US
    ISIN
    US8486371045
    CIK
    1353283
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    270 Brannan Street, San Francisco, CA, United States, 94107