Pluralsight $20 Million Securities Class Action Settlement

If you purchased or otherwise acquired Pluralsight Class A common stock between January 16, 2019, and July 31, 2019, you may be eligible to claim a portion of a $20,000,000 class action settlement.

Pluralsight, Inc. has agreed to settle a class action lawsuit for allegedly making false and misleading statements about its sales force productivity and future billings growth.

Who are the class members?

To be considered a class member, you must meet the following criteria:

• Purchased or otherwise acquired Pluralsight Class A common stock during the Class Period from January 16, 2019, to July 31, 2019.
• Experienced financial damage as a result of the alleged misrepresentations.

Class members include all individuals and entities who purchased or acquired the stock between January 16, 2019, and July 31, 2019.

How much can class members get?

Class members can claim a portion of the $20,000,000 settlement fund. The estimated average recovery per affected share is $0.36, before deductions for court-approved fees and expenses. The actual amount received will depend on several factors, including the number of valid claims submitted and the total recognized losses.

• Recognized Loss Calculation:
• For shares sold before August 1, 2019, the recognized loss is $0.00.
• For shares sold between August 1, 2019, and October 29, 2019, the recognized loss is the lesser of $11.82, the purchase price minus the average closing price from August 1, 2019, to the sale date, or the purchase price minus the sale price.
• For shares held as of October 29, 2019, the recognized loss is the lesser of $11.82 or the purchase price minus $16.65.

What documentation is required to submit a claim?

Claimants need to provide proof of their transactions in Pluralsight Class A common stock. This includes documentation such as broker confirmations or monthly statements.

How to claim an award

To claim an award, class members must submit a completed claim form by December 21, 2024. Claims can be filed online through the online claim form or by mailing the form to:

Pluralsight Securities Litigation

c/o Strategic Claims Services

600 N. Jackson Street, Suite 205

Media, PA 19063

Claim instructions

1. Gather all transaction records for Pluralsight Class A common stock from January 16, 2019, to October 29, 2019.
2. Complete the claim form with accurate details of your purchases and sales.
3. Attach copies of your transaction documentation.
4. Submit the form online or mail it to the address provided.

Payment methods

Class members will receive their payments via check mailed to the address provided in the claim form.

$20 million settlement fund

The settlement fund of $20,000,000 will cover:

• Payments to class members based on their recognized losses.
• Court-approved attorneys' fees, not exceeding 20% of the settlement fund.
• Litigation expenses up to $350,000.
• Costs of notice and claims administration.

Important dates

• Fairness Hearing: February 4, 2025
• Deadline to File a Claim: December 21, 2024

When is the Pluralsight payout date?

The court will hold a fairness hearing on February 4, 2025, to decide whether to approve the settlement. Payments will be distributed after the court grants final approval of the settlement and all claims are processed.

Why is there a class action settlement?

The lawsuit alleged that Pluralsight made false and misleading statements regarding its sales force productivity and future billings growth, which led to artificially inflated stock prices. The settlement was reached to avoid the uncertainty and expense of further litigation.