Proposed $26.5M Settlement Announced for PowerSchool Stockholder Class Action
A proposed settlement has been reached in a stockholder class action involving former holders of PowerSchool Holdings, Inc. common stock as of October 1, 2024. The case was filed by Michigan Electrical Employees' Pension Fund and Glazer Capital, LLC against several defendants including Vista Equity Partners Management, Onex Corporation, and individual executives. If approved, the $26.5 million cash settlement will resolve all claims in the action. The proposed resolution is subject to court approval at a hearing scheduled for November 9, 2026. The Court of Chancery of Delaware will assess whether the terms are fair and reasonable before granting final judgment. Class members who received $22.80 per share during PowerSchool's acquisition can review details via www.PowerSchoolStockholdersLitigation.com. The settlement excludes certain individuals and entities as defined in court documents, but does not specify further exclusions at this time.
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