Citrix Systems $17.5 Million Securities Settlement

If you held common stock of Citrix Systems, Inc. between March 8, 2022, and September 30, 2022, you may be eligible to claim a portion of a $17,500,000 class action settlement.

Citrix Systems, Inc. has agreed to settle a class action lawsuit for alleged false and misleading statements regarding the company's merger.

Who Are the Class Members?

Class members are those who held Citrix common stock from March 8, 2022, to September 30, 2022.

How Much Can Class Members Get?

The settlement fund totals $17,500,000, which will be distributed pro rata among eligible class members who submit claim forms. The exact amount each class member will receive depends on the number of valid claims submitted.

Is Proof Required to Submit a Claim?

Yes, claimants need to provide documentation such as broker confirmation slips or account statements to verify their holdings and transactions in Citrix securities.

How to file a claim

To claim an award, you must submit a claim form by mail or online. You can file a claim online or mail your completed form to:

Juan A. Vargas v. Citrix Systems, Inc.

c/o JND Legal Administration

PO Box 91498

Seattle, WA 98111

Ensure your claim is postmarked or submitted online by December 17, 2024.

Claim instructions

1. Obtain and complete the claim form
2. Provide all required documentation to support your claim, such as broker confirmation slips or account statements to verify holdings and transactions in Citrix securities
3. Submit the form online or mail it to the claims administrator
4. Await confirmation of receipt from the claims administrator

Payment methods

• Check
• Direct deposit

$17,500,000 Settlement fund

The settlement fund of $17,500,000 will cover various costs and distributions:

• Attorneys' fees: Up to 33.33% of the settlement fund
• Litigation expenses: Not to exceed $500,000
• Compensatory awards for lead plaintiffs: Up to $10,000 each
• Remainder to the class members, pro rata

Important Dates

• Fairness Hearing: November 4, 2024
• Deadline to File a Claim: December 17, 2024

When is the Citrix Systems Merger Settlement Payout Date?

The awards will be paid after the court approves the settlement and all claims are processed, which may take several months.

Why is There a Class Action Settlement?

The lawsuit alleged that Citrix Systems, Inc. made false and misleading statements regarding its merger, leading to an unfair valuation of the company's shares. The settlement was reached to avoid the uncertainty and expense of further litigation.

What Happens Next?

Class members should submit their claims by the deadline. The court will hold a fairness hearing on November 4, 2024, to decide whether to approve the settlement. If approved, payments will be distributed after claims are processed.