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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 reached a proposed settlement of the Litigation for $30,000,000 in cash that, if approved, will resolve all claims in the Litigation (the “Settlement”).

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 request exclusion pursuant to the instructions set forth in the Notice (see paragraphs 52-53 of 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 any appeals are resolved and 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.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 25, 2024.

If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that may allow you to ever be part of any other lawsuit against Defendants or Released Defendant Persons concerning the Released Plaintiffs’ Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 25, 2024.

If you do not like the proposed Settlement, the proposed Plan of Allocation, and/or the requested attorneys’ fees and litigation expenses, you may object by writing to the Court and explaining why you do not like them. You cannot object unless you are a member of the Settlement Class and do not exclude yourself from the Settlement Class.
ATTEND A HEARING ON DECEMBER 16, 2024 AT 10 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 25, 2024.

Filing a written objection and notice of intention to appear by November 25, 2024 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the motion for attorneys’ fees and litigation expenses. In the Court’s discretion, the December 16, 2024 hearing may be conducted by telephone or videoconference (see ¶¶ 60-61 of the Notice). If you submit a written objection, you may (but you do not have to) participate in the hearing and, at the discretion of the Court, speak to the Court about your objection.
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.