Splunk Securities Settlement

This official website is maintained by the Claims Administrator under the supervision of Lead Counsel in the action titled In re Splunk Inc. Securities Litigation, Case No. 4:20-cv-08600-JST, pending in the United States District Court Northern District of California.

The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here . Since this website is just a summary, you should review the Notice for additional details.

The Court’s hearing on the fairness of the Settlement and related matters which is scheduled for February 22, 2024, at 2:00 p.m. Pacific time will be conducted by Zoom videoconference.

Any Settlement Class Member who wishes to attend or participate in the hearing by videoconference may do so by contacting Lead Counsel at settlements@blbglaw.com to obtain the access information.

Lead Plaintiff Louisiana Sheriffs’ Pension & Relief Fund, on behalf of itself and the Settlement Class, has reached a proposed settlement of the Action for $30,000,000.00 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. The Settlement Class consists of:

All persons or entities who purchased or otherwise acquired the common stock of Splunk during the period from May 21, 2020 through December 2, 2020, inclusive, and continued to hold any Splunk common stock after December 2, 2020.

Excluded from the Settlement Class by definition are: (i) Defendants, (ii) any current or former Officers and directors of Splunk; (iii) the Immediate Family Members of the foregoing excluded persons; (iv) any entity that any Defendant or any of Defendants’ Immediate Family Members owns or controls, or owned or controlled during the Class Period; and (v) the legal representatives, heirs, agents, affiliates, successors or assigns of any excluded persons. Also excluded from the Settlement Class are any persons or entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court in accordance with the requirements set forth in paragraph 55 of the Notice.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the top of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN FEBRUARY 15, 2024. This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiff’s Claims (defined in ¶ 35 in the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 36 in the Notice), so it is in your interest to submit a Claim Form.
GO TO A HEARING ON FEBRUARY 22, 2024 AT 2:00 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JANUARY 25, 2024. Filing a written objection and notice of intention to appear by January 25, 2024 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. The Settlement Hearing will be conducted by Zoom videoconference. For details on how to attend or participate in the hearing, please see the top of this page. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
DO NOTHING. If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.