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POLY.US
id: 1295

Plantronics (PLT) $29.5M Investor Settlement

Eligible claimants can submit their claims for compensation.
N.D. California
Court
4:19-cv-07481
Case number
08/07/2018
Class period Start
11/05/2019
Class period End
06/25/2025
Claim deadline
Plantronics (PLT) has agreed to settle $29.5M with investors to resolve claims that it inflated sales through channel stuffing and poorly managed inventory before new product launches.
Case Status
Accepting Claims
Alleged Offence
Mismanagement, 
Misleading Statements, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
1.5
Filing date
11/13/2019
Plaintiffs
Ilya Trubnikov
Attorneys
Glancy Prongay & Murray LLP (Los Angeles, CA), Law Offices of Howard G. Smith (Bensalem, PA)
Defendants
Joseph Burton, Charles Boynton, and Pamela Strayer
Judge
Jon S. Tigar
Administrator
JND Legal Administration
Settlement agreement date
2024-07-18
Court hearing date
08/14/2025
Exclusion deadline
06/25/2025
Objection deadline
06/25/2025
Attorney fee
$7,239,998
Trades matching type
FIFO
+$29,500,000
Cash Settlement Amount

Frequently Asked Questions

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Plantronics Inc

Plantronics, Inc., together with its subsidiaries, designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and in...

    Ticker
    POLY.US
    ISIN
    US7274931085
    CIK
    0000914025
    Sector
    Technology
    Industry
    Communications Equipment
    Country
    USA
    Address
    345 Encinal Street, Santa Cruz, CA, United States, 95060