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SPLK.US

id: 534

Splunk (SPLK) $30M Shareholder Settlement

The settlement funds have been distributed to claimants.

$30,000,000

Cash Settlement

N.D. California

Court

4:20-cv-08600

Case number

05/21/2020

Class period Start

12/02/2020

Class period End

02/15/2024

Claim deadline

Splunk Inc. (SPLK) agreed to pay up to $30 million to settle a securities class action lawsuit over misleading investors about Q3 2021 deals & financial targets.

Those investors, who purchased the common stock of Splunk Inc. during the period from May 21, 2020, through December 2, 2020, inclusive, and continued to hold any $SPLK common stock after December 2, 2020, may be entitled to payout.

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.79

Filing date

12/04/2020

Plaintiffs

Sheriffs’ Pension & Relief Fund

Attorneys

Bernstein Litowitz Berger & Grossmann LLP (Los Angeles, CA), Klausner, Kaufman, Jensen & Levinson (Plantation, FL)

Defendants

Douglas Merritt, Jason Child

Judge

Hon. Jon S. Tigar

Administrator

A.B. Data Ltd

Settlement agreement date

2023-01-30

Court hearing date

02/22/2024

Exclusion deadline

01/25/2024

Objection deadline

01/25/2024

Hearing deadline

01/25/2024

Trades matching type

FIFO

Disbursement date

03/04/2024

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