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ZUO.US

Zuora (ZUO) $75.5M Shareholder Settlement

Claim deadline for this case already passed by, but we can still try and file for compensation for you
N.D. California
Court
3:19-cv-03422-SI
Case number
12 Apr 2018
Class period Start
30 May 2019
Class period End
30 Dec 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.
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
14 June 2019
Lead Plaintiff Deadline
13 August 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
12 January 2024
Objection deadline
22 December 2023
Hearing deadline
22 December 2023
Attorney fee
$23,900,000
Trades matching type
FIFO
+$75,500,000
Total Settlement Amount
Created by Stan Vick, Scout

Zuora Inc

Zuora, Inc., together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription ...

    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