Oct. 14 at 11:50 AM
$ZM has agreed to pay
$150 million to settle claims that it misled investors about its encryption standards and data-sharing practices, which exposed user information to third parties.
Who’s eligible?
Anyone who purchased
$ZM shares between April 18, 2019 and April 6, 2020.
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
$3.08 — but if only ~25% of eligible investors file, the effective payout could increase to
$12.32.
Can I still file?
Yes — claims are currently being accepted.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/zoom-shareholder-settlement?utm_source=stocktwits&utm_medium=referral&utm_campaign=faq&utm_content=10142025_1
