Proposed Class Action Settlement for Pluralsight Investors

Proposed Class Action Settlement Notification

Cohen Milstein Sellers & Toll PLLC has announced a significant class action settlement involving purchasers of the Class A common stock of Pluralsight, Inc. (NASDAQ: PS). This settlement is designed to benefit individuals who acquired shares of this tech company during a specific period and were adversely impacted.

Overview of the Settlement

The U.S. District Court for the District of Utah has authorized the announcement regarding this proposed settlement, which amounts to $20 million in cash. This settlement proposal aims to resolve all claims related to the class action litigation. Given the magnitude of the settlement, it presents a crucial opportunity for affected investors.

Eligible Class Members

All individuals who purchased Pluralsight Class A common stock from January 16, 2019, through July 31, 2019, are considered part of the affected class. It is essential for anyone in this group to pay attention to this notification, as their rights will be influenced by the proceedings of this class action lawsuit.

Settlement Hearing Schedule

A hearing to evaluate this proposed class action settlement is scheduled for February 4, 2025, at 10:30 a.m. The Honorable David Barlow will preside over this hearing, which can be attended either in person or via telephone or videoconference. During this session, the court will consider whether the proposed settlement should receive final approval, assess its fairness, and review the proposed plan for allocating funds among the class members.

Claim Submission Details

For those who qualify as members of the class, it is crucial to submit a properly completed Claim Form to the Claims Administrator. The deadline for submitting this form is December 21, 2024. Failure to submit a valid claim may result in forfeiture of eligibility to receive a settlement payment, although class members will still be bound by the court's ruling.

Exemption from the Class

Class members who decide that they do not wish to participate in this settlement have the option to exclude themselves. This exclusion request must be received by January 14, 2025. By opting out, individuals will not be bound by any judgments made in this case and can retain their rights to pursue separate legal action concerning these claims.

Objecting to the Settlement

If there are objections to the proposed settlement or the allocation plan, these must be submitted to the court and served to both lead and defense counsel by January 14, 2025. Questions related to the notice or eligibility should be directed to the Claims Administrator or the designated lead counsel, not the court.

Contact Information for Inquiries

For additional clarifications or to obtain a Notice and Claim Form, class members can contact the Claims Administrator at Pluralsight Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson Street, Suite 205, Media, PA 19063. They may also reach out by calling toll-free at (866) 274-4004.

Frequently Asked Questions

What is the proposed settlement amount?

The proposed settlement amount is $20 million, which aims to address claims from the class action lawsuit.

Who is eligible to claim from the settlement?

Investors who purchased Pluralsight, Inc. Class A common stock between January 16, 2019, and July 31, 2019, are eligible.

When is the deadline to submit a claim?

The deadline to submit a claim form is December 21, 2024.

How can I exclude myself from the class?

To exclude yourself, you must submit a request for exclusion that is received no later than January 14, 2025.

What if I have objections regarding the settlement?

Objections must be filed and served by January 14, 2025, to be considered during the hearing.

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