March 05, 2024
A California federal judge has granted final approval to a $30 million settlement, including $7.5 million in fees for class counsel, to resolve a securities class action accusing software company Splunk of lying about strategies it used to meet cash flow goals.
September 27, 2023
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.