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ZUO.US

id: 754

Zuora (ZUO) $75.5M Shareholder Settlement

The process of distributing settlement funds to claimants has started.

$75,500,000

Cash Settlement

N.D. California

Court

3:19-cv-03422-SI

Case number

04/12/2018

Class period Start

05/30/2019

Class period End

12/30/2023

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.

Case Status

Disbursement

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

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