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ZM.US
id: 785

Zoom Video Communications (ZM) $150M Shareholder Settlement

N.D. California
Court
3:20-cv-02353
Case number
18 Apr 2019
Class period Start
06 Apr 2020
Class period End
Zoom 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.


Case Status
Stipulative Settlement
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
Cash Settlement Amount

Frequently Asked Questions

Zoom Video Communications Inc

Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD vide...

    Ticker
    ZM.US
    ISIN
    US98980L1017
    CIK
    1585521
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    55 Almaden Boulevard, San Jose, CA, United States, 95113