Software company Zuora pays US$75m to settle claims alleging false and misleading statements to investors. NYSE and Nasdaq-listed Zuora denied liability but said it settled to avoid the expense and uncertainty of litigation. A US class action led by the New Zealand Methodist Trust Association, alleging false and misleading statements by executives at one of the world's biggest tech companies, has won a US$75 million settlement. The claim, initially filed in June 2019, followed the float of software company Zuora on Want to read more? It's easy.

https://www.nbr.co.nz/law/methodists-win-us-class-action-settlement/

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