$26.5M PowerSchool Stockholders Settlement

PowerSchool and other defendants agreed to a $26.5 million settlement resolving claims over the October 2024 acquisition of PowerSchool Holdings. Defendants deny wrongdoing, and the court has not decided the merits.

deadline No claim required

no proof Automatic pro rata payment

with proof No claim documents required

status Proposed

Note: This is an informational summary only. Official terms, full details, and claim forms are on the administrator site and court documents.

Benefit Summary

Eligible former PowerSchool stockholders will receive automatic pro rata cash distributions from the net settlement fund based on eligible shares held at the acquisition closing. No claim form is required, and payments will generally use the same method as the acquisition consideration.

Maximum Award

Varies; automatic pro rata share of the net $26.5 million fund based on eligible shares

Who Is Included

All former holders of PowerSchool Holdings, Inc. common stock as of the October 1, 2024 closing of the acquisition who received $22.80 per share in cash for their shares, subject to the exclusions stated in the notice for defendants, specified insiders, immediate family members, and related entities.

Proof required: No claim form or supporting documents are required for eligible class members.

How to File a Claim

Claim method: Automatic payment; no claim form required
Claim deadline: -
Instructions: No claim is required. Eligible class members will receive distributions automatically after final approval and resolution of any appeals, generally through the same method used to pay the acquisition consideration.

Case Details

Case name: Michigan Electrical Employees Pension Fund and Glazer Capital, LLC v. Vista Equity Partners Management, LLC, et al.
Case number: 2025-0305-LWW
Court: Court of Chancery of the State of Delaware
Official Settlement Website: https://powerschoolstockholderslitigation.com/

Sources