Notification of Proposed Class Action Settlement
Cohen Milstein Sellers & Toll PLLC has announced a noteworthy class action settlement involving the purchasers of Class A common stock in Pluralsight, Inc. (NASDAQ: PS). This settlement is intended to provide relief to individuals who acquired shares of this technology company during a specified timeframe and experienced negative impacts.
Settlement Overview
The U.S. District Court for the District of Utah has approved the announcement of this proposed settlement, which totals $20 million in cash. This proposal aims to resolve all claims associated with the class action litigation. Given the significance of the settlement, it offers a vital opportunity for affected investors.
Who is Eligible?
Individuals who purchased Pluralsight Class A common stock between January 16, 2019, and July 31, 2019, are considered part of the affected class. It is important for anyone in this group to pay close attention to this notification, as their rights may be impacted by the developments in this class action lawsuit.
Hearing Schedule for the Settlement
A hearing to assess the proposed class action settlement is set for February 4, 2025, at 10:30 a.m. The Honorable David Barlow will oversee this hearing, which can be attended either in person or through telephone or videoconference. During this session, the court will evaluate whether the proposed settlement should receive final approval, examine its fairness, and review the plan for distributing funds among class members.
Details for Claim Submission
Class members who qualify must submit a completed Claim Form to the Claims Administrator. The deadline for submitting this form is December 21, 2024. If a valid claim is not submitted, individuals may lose their eligibility to receive a settlement payment, although they will still be bound by the court's decision.
Excluding Yourself from the Class
Class members who prefer not to participate in this settlement can choose to exclude themselves. This request for exclusion must be received by January 14, 2025. By opting out, individuals will not be subject to any judgments made in this case and can maintain their rights to pursue separate legal actions regarding these claims.
How to Object to the Settlement
If there are any objections to the proposed settlement or the allocation plan, these must be submitted to the court and served to both the lead and defense counsel by January 14, 2025. Any questions related to the notice or eligibility should be directed to the Claims Administrator or the designated lead counsel, rather than the court.
Contact Information for Questions
For further clarification or to obtain a Notice and Claim Form, class members can reach out to the Claims Administrator at Pluralsight Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson Street, Suite 205, Media, PA 19063. They can also call toll-free at (866) 274-4004.
Frequently Asked Questions
What is the proposed settlement amount?
The proposed settlement amount is $20 million, which is intended to address claims arising 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 to claim from the settlement.
When is the deadline to submit a claim?
The deadline for submitting 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 taken into account during the hearing.
