Dec. 5 at 2:06 PM
$CRNC has agreed to a
$30M settlement to resolve claims that it misled investors about its financial health by accelerating revenue recognition and masking the 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 if only ~25% of eligible investors file, the effective payout could increase to
$4.48.
Can I still file?
Yes — late claims are currently being accepted, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/cerence-investor-settlement
