August 31, 2023
Robbins Geller Rudman & Dowd LLP attorneys representing a class of investors who inked a $71 million settlement with cloud computing software company Nutanix over claims the Silicon Valley company hid sales slumps have asked a San Francisco federal judge to approve a $22 million fee request, citing litigation that was "uncertain and highly complex."
May 17, 2023
A California federal judge on Wednesday preliminarily approved Nutanix's $71 million deal resolving a consolidated securities class action accusing the Silicon Valley cloud computing software company of hiding sales slumps, but warned plaintiffs' counsel that going forward they must explain in filings any "unilateral decision" to ignore certain local settlement rules regarding claims administration.