TUFN - Levi & Korsinsky The Rosen Law Firm P.A. and Pomerantz LLP Announce the Proposed Securities Class Action Settlement on Behalf of Purchasers of the Common Stock of Tufin Software Technologies Ltd. - TUFN | Benzinga
NEW YORK, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky, The Rosen Law Firm, P.A., and Pomerantz LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed securities class action settlement that would benefit purchasers of Tufin Software Technologies Ltd. Common Stock (NYSE:TUFN):
SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED TUFIN SOFTWARE TECHNOLOGIES LTD. ("TUFIN") COMMON STOCK PURSUANT AND/OR TRACEABLE TO TUFIN'S REGISTRATION STATEMENTS ISSUED IN CONNECTION WITH TUFIN'S APRIL 11, 2019 INITIAL PUBLIC OFFERING ("IPO") AND/OR TUFIN'S DECEMBER 2, 2019 SECONDARY PUBLIC OFFERING ("SPO") (THE "SETTLEMENT CLASS"): 1
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on December 1, 2023, at 2:00 p.m. before the Honorable Gregory H. Woods, United States District Judge of the Southern District of New York, Daniel Patrick Moynihan U.S. Courthouse, 500 Pearl Street, Courtroom 12C, New York, NY 10007 for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for $2,000,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Plaintiffs' Counsel for an award of attorneys' fees of up to one-third plus interest of the Settlement Amount, reimbursement of expenses of not more than $150,000, and an Award to Plaintiffs of no more than $15,000 in total, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Settlement Stipulation. The Court reserves the right to hold the Settlement Hearing telephonically or by other virtual means.