Feb. 26 at 2:36 PM
$CRNC has agreed to settle with investors over claims that it misled them about its financial health by manipulating revenue recognition and masking the long-term impact of the global semiconductor shortage.
Who’s eligible?
Anyone who purchased
$CRNC shares between November 16, 2020 and February 4, 2022.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$1.12 — but normally only about 25% of eligible investors file claims. If that trend holds, the effective payout could rise to approximately
$4.48 per share.
Can I still file?
Late claims are being considered for compensation, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval and processing of valid claims.
To file your claim: https://11th.com/cases/cerence-investor-settlement
