Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

1

Closed

0

Total Settlement

$60M

Okta, Inc. (OKTA) Class Action Lawsuit (May 2022)

Settlement

3:22cv2990 • May 20, 2022

Class Period Start

March 3, 2022

Class Period End

November 29, 2022

PSLRA Deadline

July 19, 2022

Case Allegations

10b5

Statutes of Repose

Mar 3, 2025

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

October 29, 2024

Settlement Fund

$60,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired the publicly traded Class A common stock of Okta, Inc. during the period from March 3, 2022 through August 31, 2022, inclusive.

Claim Administrator

Epiq
P.O. Box 2738 Portland, OR 97208-2738
+1 888-622-9621
[email protected]

Hearing Date

November 8, 2024

Opt-out Deadline

October 18, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Nov 19, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Oct 3, 2024

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Aug 2, 2024

Notice of Pendency

Aug 2, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jul 19, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

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