TUFN.US
id: 780
Tufin Software (TUFN) $2M Shareholder Settlement
S.D. New York
Court1:20-cv-05646-GHW
Case number11 Apr 2019
Class period Start21 Jul 2020
Class period End03 Nov 2023
Claim deadlineTufin Software $TUFN settles investor claims for $2 million!
The Complaint alleged that the Company and its Accountables violated provisions of the Securities Act by issuing false and misleading registration statements and prospectuses in connection with both its IPO and its SPO.
Specifically, the Complaint alleges that the Company and its Accountables misled investors with respect to the Company’s North American business, customer relationships, and growth metrics, and the fact that Tufin’s business was deteriorating, and, as a result, Tufin’s representations regarding its sustainable financial prospects were overly optimistic—all of which was known to, and concealed by, Company and its Accountables at the time of the IPO and SPO.
Case Status
Disbursed
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.14
Filing date
21 July 2020
Plaintiffs
Mark Henry, Matt Primozich, William J. Allen
Attorneys
Levi & Korsinsky, LLP (New York, NY), Pomerantz LLP (Chicago, IL), The Rosen Law Firm, P.A. (New York, NY)
Defendants
Reuven Kitov, Jack Wakileh, Reuven Harrison, Ohad Finkelstein, Edouard Cukierman, Yair Shamir, Ronni Zehavi, Yuval Shachar
Judge
Hon. Gregory H. Woods
Administrator
Strategic Claims Services
Court hearing date
01 December 2023
Exclusion deadline
10 November 2023
Objection deadline
10 November 2023
Hearing deadline
10 November 2023
Trades matching type
FIFO
+$2,000,000
Cash Settlement Amount