IN RE COMMVAULT SYSTEMS, INC. SECURITIES LITIGATION

www.CommvaultSecuritiesLitigation.com


UPDATE: THE COURT HAS APPROVED THE SETTLEMENT. CLAIM FORMS MUST BE POSTMARKED BY JUNE 20, 2018.

Overview

WELCOME TO THE IN RE COMMVAULT SYSTEMS, INC. SECURITIES LITIGATION WEBSITE

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) Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.

This case, In re Commvault System, Inc. Securities Litigation, Civil Action No. 14-5628 (PGS)(LHG), brought in the United States District Court for the District of New Jersey, arises out of allegations that Commvault Systems, Inc. (“Commvault”) and N. Robert Hammer and Brian Carolan, Commvault’s CEO and CFO, violated federal securities laws by making materially false and misleading statements about Commvault’s business and financial results.

The Court-appointed Lead Plaintiff, Arkansas Teacher Retirement System, on behalf of itself and the other members of the Settlement Class (defined below), has reached a settlement with Defendants for $12,500,000 in cash that resolves all claims in the Action (the “Settlement”). On May 14, 2018, following a hearing, the Court approved the Settlement.

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

all persons or entities that purchased or otherwise acquired shares of the publicly traded common stock of Commvault during the period beginning on May 7, 2013 through and including April 24, 2014 (the “Class Period”), and were allegedly damaged by those purchases or acquisitions and any corrective disclosure, except for certain persons and entities who are excluded from the Settlement Class by definition (see, paragraph 28 of the Notice).

Please read the Notice to fully understand your rights and options.

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than June 20, 2018. 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.


Important Deadline
June 20, 2018
Claim Filing Deadline
To be eligible to receive payment from the Settlement Fund, you must mail the Claim Form and supporting documentation, postmarked no later than June 20, 2018, in accordance with the instructions in the Notice and Claim Form.



Claim Form

Electronic Filing Instructions

    Institutions filing on their own behalf or on behalf of multiple clients should submit their claim information electronically. Please click on the links below to obtain the mandatory electronic filing requirements and file layout.

  • Electronic Filing Instructions
  • Electronic Filing Template

Court Documents

Contact Us

If you have questions which are not answered by this website, please contact us at: In re Commvault Systems, Inc. Securities Litigation c/o GCG P.O. Box 10521 Dublin, OH 43017-0180 (888) 684-4880

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Class Counsel

As a member of the Settlement Class, you will be represented by Class Counsel, who is:

James A. Harrod, Esq. BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 1251 Avenue of the Americas, 44th Floor New York, NY 10020 (800) 380-8496