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Pluralsight Reaches $20 Million Settlement with Public School Retirement Funds
Cohen Milstein
Feb. 6, 2025 "The class action lawsuit, first filed in 2019 and revived in 2022, claimed Pluralsight and its founding executives knowingly misled investors about their company's success, artificially inflated stock prices and cashed out before stock prices plummeted. The lead plaintiffs in the case are two funds responsible for managing retirement and benefit accounts for public employees in Indiana and Chicago, Illinois. Each fund bought thousands of common stock shares when Pluralsight went public in 2018, according to court documents, and lost millions of dollars as a result." [Indiana Public Retirement System v. Pluralsight, Inc., No. 19-0128 (D. Utah Feb. 5, 2025)] MORE >> |
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