close
MENU
Law
2 mins to read

NZ Methodists win US class action settlement

Software company Zuora pays US$75m to settle claims alleging false and misleading statements to investors.

NYSE and Nasdaq-listed Zuora denied liability but said it settled to avoid the expense and uncertainty of litigation.

Tim Hunter Tue, 04 Apr 2023

A US class action led by the New Zealand Methodist Trust Association, alleging false and misleading statements by executives at one of the world’s biggest tech companies, has won a US$75 million settlement.

The claim, initially filed in June 2019, followed the float of software company Zuora on

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Tue, 04 Apr 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
NZ Methodists win US class action settlement
Law,
98527
true