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John P. Norton, on behalf of the Norton Family Living Trust UAD 11/15/2002 v. Nutanix, Inc. et al
Case Number:
3:21-cv-04080
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 31, 2023
Nutanix Investor Attys Seek $22M For $71M Sales Slump Deal
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."
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May 17, 2023
Nutanix Investors Get Initial OK On $71M Sales Slump Deal
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.