ZM.US
id: 785, Created by Stan Vick, Scout
Zoom Video Communications (ZM) $150M 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
Court2:20-cv-02353
Case number18 Apr 2019
Class period Start06 Apr 2020
Class period EndZoom Video Communications, Inc. (ZM) has agreed to a $150 million settlement with investors, putting an end to allegations of withholding information about $ZM software encryption issues and susceptibility to hackers. The settlement also addresses claims of unauthorized disclosure of personal information to third parties, including Facebook.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
3.08
Filing date
07 April 2020
Plaintiffs
Adam M. Butt
Attorneys
Robbins Geller Rudman & Dowd LLP (San Francisco, CA)
Defendants
Eric S. Yuan, Kelly Steckelberg
Judge
Hon. James Donato
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-07-17
Class wide damages
$525,000,000
Trades matching type
FIFO
+$150,000,000
Total Settlement Amount