Splunk Investors' $30M Deal Over Growth Strategies OK'd
By Gina Kim ( September 27, 2023, 7:09 PM EDT) -- Splunk Inc. investors scored preliminary approval of a $30 million settlement in California federal court to resolve a securities class action accusing executives of lying about the software company's strategies to reach over $1 billion in positive operational cash flow by 2023, while suspending marketing investments and adopting a hiring freeze....
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