Arlo Technologies ($ARLO) $1.25M Investor Settlement

The settlement funds have been distributed to claimants.

$1,250,000

Cash Settlement

N.D. California

Court

5:19-cv-00372

Case number

08/03/2018

Class period Start

01/10/2019

Class period End

Arlo Technologies ($ARLO) has agreed to a $1.25 million settlement to resolve claims that investors were misled in connection with the company’s August 2018 initial public offering.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Matis Nayman

Attorneys

Keller Lenkner LLC

Defendants

Matthew McRae; Christine M. Gorjanc;

Administrator

A.B. Data Ltd

Attorney fee

$347,500

Trades matching type

FIFO

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