ZUO.US
id: 754
Zuora (ZUO) $75.5M Shareholder Settlement
N.D. California
Court3:19-cv-03422-SI
Case number04/12/2018
Class period Start05/30/2019
Class period End12/30/2023
Claim deadlineZuora 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