SPLK.US
id: 534
Splunk (SPLK) $30M Shareholder Settlement
N.D. California
Court4:20-cv-08600
Case number05/21/2020
Class period Start12/02/2020
Class period End02/15/2024
Claim deadlineSplunk 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.
Case Status
Disbursed
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
12/04/2020
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
02/22/2024
Exclusion deadline
01/25/2024
Objection deadline
01/25/2024
Hearing deadline
01/25/2024
Trades matching type
FIFO
Disbursement date
03/04/2024
+$30,000,000
Cash Settlement Amount