The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement;(II) Settlement Hearing; and (III) Motion for Attorney’s Fees and Litigation Expenses which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.
PLEASE READ THE NOTICE CAREFULLY. The Notice explains important rights you may have, including the possible receipt of cash from the Settlement. If you are a member of the Settlement Class, your legal rights are affected.
The Settlement Class consists of:
All Persons who purchased or otherwise acquired the common stock of Cerence Inc. during the period from November 16, 2020 through February 4, 2022, inclusive, and were damaged thereby.
Certain persons and entities are excluded from the Settlement Class by definition (see paragraph 20 of the Notice) or if they requested exclusion pursuant to the instructions set forth in the Notice.
The Court-appointed Lead Plaintiff Public Employees’ Retirement System of Mississippi (“Lead Plaintiff”), on behalf of itself and the Settlement Class, has settled the Litigation for $30,000,000 in cash (the “Settlement”).
On December 16, 2024, the Court held a hearing to consider final approval of the Settlement and other matters. On December 18, 2024, the Court entered a Judgment Approving Class Action Settlement and orders approving the Plan of Allocation and Lead Counsel’s motion for attorney's fees and litigation expenses. On March 12, 2026, Lead Plaintiff submitted the Unopposed Motion for Approval of Distribution Plan to the Court, and the Court granted the motion on March 13, 2026.
Please read the Notice to fully understand your rights. A copy of the Notice can be found in the menu on the top of this page.
The deadline for submission of Claim Forms has passed. Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
If you have questions, you may call the Cerence Securities Litigation Help Line at 1-877-411-4801 or email info@CerenceSecuritiesLitigation.com.