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Cerence Securities

1-877-411-4801

This official website is maintained by the Claims Administrator supervised by Lead Counsel in the action entitled City of Miami Fire Fighters’ and Police Officers’ Retirement Trust v. Cerence Inc., et al., Case No. 1:22-CV-10321-ADB, pending in the United States District Court for the District of Massachusetts

Cerence Securities Litigation

Your rights may be affected by the above-captioned securities class action pending in the United States District Court for the District of Massachusetts, if you purchased or otherwise acquired the common stock of Cerence Inc. during the period from November 16, 2020, through February 4, 2022, inclusive.

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 will be affected whether or not you act.

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.

If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act and you may be eligible for a payment from the Settlement. 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.


Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the top of this page.


If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form (with the required supporting documentation) postmarked (if mailed), or online via this website, no later than January 30, 2025.


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.

YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:
Description Due Date

SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN JANUARY 30, 2025.

This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 33 of the Notice) that you have against Defendants and the other Released Defendant Persons (defined in ¶ 34 of the Notice)., so it is in your interest to submit a Claim Form.

DO NOTHING.

If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Litigation.