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ZUO.US
id: 754

Zuora (ZUO) $75.5M Shareholder Settlement

N.D. California
Court
3:19-cv-03422-SI
Case number
04/12/2018
Class period Start
05/30/2019
Class period End
12/30/2023
Claim deadline
Zuora agreed to pay $75.5 million to investors in a settlement over allegations of missed revenue targets and botched software roll-out after its IPO. $ZUO along with its top executives and underwriters, reached the deal to resolve the claims.
Case Status
Distribution Preparation
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
1.03
Filing date
06/14/2019
Lead Plaintiff Deadline
08/13/2019
Plaintiffs
New Zealand Methodist Trust Association
Attorneys
Hagens Berman Sobol Shapiro LLP
Defendants
Tien Tzuo, Tyler Sloat
Judge
Hon. Susan Illston
Administrator
EPIQ
Court hearing date
01/12/2024
Objection deadline
12/22/2023
Hearing deadline
12/22/2023
Attorney fee
$23,900,000
Trades matching type
FIFO
+$75,500,000
Cash Settlement Amount

Zuora Inc

Zuora, Inc. provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models in the United States and Japan. ...

    Ticker
    ZUO.US
    ISIN
    US98983V1061
    CIK
    1423774
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    101 Redwood Shores Parkway, Redwood City, CA, United States, 94065