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If you purchased or acquired Plantronics common stock between August 7, 2018, and November 5, 2019, you may be eligible to submit a claim for a portion of a $29,500,000 class action settlement.
Plantronics, Inc. has agreed to pay $29,500,000 to settle a class action lawsuit for alleged false and misleading statements regarding its sales practices, which allegedly inflated the stock price.
Who is eligible for a Plantronics settlement payment?
Individuals or entities who bought Plantronics stock during the period from August 7, 2018 through November 5, 2019.
How much is the payout?
- Pro Rata Distribution: Payments will be determined by the Plan of Allocation, which considers the number of shares purchased during the class period, the purchase and sale dates, and the price paid.
- Final payment amount for each will also be determined by the number of claims filed.
How to claim a class action settlement payment
To claim a cash payout, class members must submit a claim form by June 25, 2025. You can file a claim online or download a PDF claim form and mail it to the settlement administrator.
Settlement Administrator's mailing address: Plantronics Securities Litigation, c/o JND Legal Administration, P.O. Box 91496, Seattle, WA 98111.
Required proof
Claimants must include documentation such as brokerage confirmation slips or account statements to verify their Plantronics stock transactions.
Payout options
Approved claimants will receive a check mailed to the address provided.
$29.5 Million settlement fund
The settlement fund of $29,500,000 will cover various costs:.
- Settlement administration costs: To be determined
- Attorneys' fees and expenses: Up to $7,240,000
- Payments to class members with valid claims: Remaining Net Settlement Fund
Important dates
- Deadline to File a Claim: June 25, 2025
- Exclusion Deadline: June 25, 2025
- Settlement Hearing: August 14, 2025 at 2:00 p.m. Pacific Time
When is the Plantronics Securities Litigation payout date?
The final settlement hearing is scheduled for August 14, 2025. Claims will be processed and payments distributed after the judge grants final approval.
Why was there a class action settlement?
The lawsuit alleged that Plantronics made false and misleading statements about its sales practices, inflating the stock price. The settlement avoids the risks and costs of a possible trial.
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