Settlement of In re Nutanix, Inc. Securities Litigation
The parties have reached a settlement of this action, pending in the United States District Court for the Northern District of California, San Francisco Division. The settlement provides for the payment of $71,000,000 for the benefit of eligible Class Members. Lead Plaintiff California Ironworkers Field Pension Trust and named plaintiff City of Miami Fire Fighters’ and Police Officers’ Retirement Trust alleged Defendants made materially false or misleading statements in violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, which caused the price of Nutanix, Inc. (“Nutanix”) securities and publicly traded options to trade at artificially inflated prices.
The Class consists of all persons or entities who: (i) purchased or otherwise acquired Nutanix securities between November 30, 2017 and May 30, 2019, inclusive (the “Class Period”); and/or (ii) transacted in publicly traded call options and/or put options of Nutanix during the Class Period. Excluded from the Class are Nutanix and its subsidiaries and affiliates, the Individual Defendants, any of Defendants’ respective officers and directors at all relevant times, and any of their immediate families, legal representatives, heirs, successors, or assigns, and any entity in which any Defendant has or had a Controlling Interest. Also excluded from the Class are any persons or entities who excluded themselves by submitting a request for exclusion in connection with the Notice.
The settlement was approved by the Court on October 6, 2023.
If you have any questions about the settlement or the litigation, please contact the Shareholder Relations Department at 1-800-449-4900.