| COMPANY |
Splunk Inc. |
| COURT |
United States District Court for the Northern District of California |
| CASE NUMBER |
20-cv-08600 |
| JUDGE |
The Honorable Jon S. Tigar |
| CLASS PERIOD |
August 26, 2020 - December 2, 2020 |
| SECURITY TYPE |
Common Stock |
Case Background:
On December 4, 2020 the initial complaint in this securities class action was filed against Splunk, Inc. (“Splunk” or the “Company”) and certain of Splunk’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all persons who purchased or otherwise acquired Splunk securities between March 26, 2020 through December 2, 2020 both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and. prospects. Specifically, the complaint alleges that Defendants misrepresented and/or failed to disclose to investors that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
Current Status of Case:
On March 4, 2024, the Court entered an Order granting Final Approval of Settlement and Order Awarding Attorneys' Fees and Litigation Expenses. This action has concluded.
The deadline to file a claim is February 15, 2024. If you have any questions or need further information about this settlement, you may go to the following website http://www.splunksecuritieslitigation.com/, or you can contact the claims administrator, A.B. Data, Ltd., at 1-877-388-1755.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com.