SPLK.US
id: 534, Created by Stan Vick, Scout
Splunk (SPLK) $30M Shareholder Settlement
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
N.D. California
Court4:20-cv-08600
Case number21 May 2020
Class period Start02 Dec 2020
Class period End15 Feb 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.
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