Robbins Geller Rudman & Dowd LLP, Bottini & Bottini, Inc., and Glancy Prongay & Murray LLP Announce Proposed Settlement in the Tintri Securities Litigation

By: Robbins Geller Rudman & Dowd LLP via Business Wire

January 26, 2024 at 08:00 AM EST

The following statement is being issued by Robbins Geller Rudman & Dowd LLP, Bottini & Bottini, Inc., and Glancy Prongay & Murray LLP regarding the Tintri Securities Settlement:

SUPERIOR COURT OF THE STATE OF CALIFORNIA

COUNTY OF SAN MATEO

In re TINTRI, INC. SECURITIES LITIGATION		Lead Case No. 17-CIV-04312 (Consolidated with Nos. 17-CIV-04321;
		17-CIV-04618; and 20-CIV-00980)
This Document Relates To:		CLASS ACTION
ALL ACTIONS.		SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION
		Assigned for All Purposes to: Honorable Susan L. Greenberg Dept. 3 Date Action Filed: 09/20/17

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED TINTRI, INC. (“TINTRI”) COMMON STOCK PURSUANT OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FILED IN CONNECTION WITH TINTRI’S INITIAL PUBLIC OFFERING (“IPO”) ON OR ABOUT JUNE 30, 2017.¹

THIS NOTICE WAS AUTHORIZED BY THE COURT. IT IS NOT A LAWYER SOLICITATION. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.

YOU ARE HEREBY NOTIFIED that a hearing will be held on August 15, 2024, at 9:00 a.m., before the Honorable Susan L. Greenberg at the Superior Court of California, County of San Mateo, Department 3, Courtroom 2B, 400 County Center, Redwood City, CA 94063, to determine whether: (1) the proposed settlement (the “Settlement”) of the above-captioned action as set forth in the Stipulation of Settlement (“Stipulation”)² for $7,000,000.00 in cash should be approved by the Court as fair, reasonable, and adequate; (2) the Judgment as provided under the Stipulation should be entered; (3) to award Plaintiffs’ Counsel attorneys’ fees and expenses out of the Settlement Fund (as defined in the Notice of Pendency and Proposed Settlement of Class Action (“Notice”), which is discussed below) and, if so, in what amount; (4) to pay Plaintiffs for representing the Class out of the Settlement Fund and, if so, in what amount; and (5) the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate.

This Action is a consolidated securities putative class action brought on behalf of those Persons and entities who purchased or acquired Tintri common stock pursuant or traceable to the Registration Statement and Prospectus for Tintri’s June 30, 2017 IPO, against Tintri and certain of its officers, directors, and underwriters of Tintri’s IPO (collectively, “Defendants”) for, among other things, allegedly misstating and omitting material facts from the Registration Statement and Prospectus filed with the U.S. Securities and Exchange Commission in connection with Tintri’s IPO. Plaintiffs allege that these purportedly false and misleading statements resulted in damage to Class Members when the truth was revealed. Defendants deny all of Plaintiffs’ allegations.

IF YOU PURCHASED OR ACQUIRED TINTRI COMMON STOCK BETWEEN JUNE 30, 2017 THROUGH AND INCLUDING DECEMBER 26, 2017, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS ACTION.

To share in the distribution of the Settlement Fund, you must establish your rights by submitting a Proof of Claim and Release form (“Proof of Claim”), along with the required supporting documentation, by mail (postmarked no later than April 16, 2024) or online (no later than April 16, 2024). Your failure to submit your Proof of Claim by April 16, 2024, will subject your claim to rejection and preclude you from receiving any of the recovery in connection with the Settlement of this Action. If you are a member of the Class and do not request exclusion therefrom, you will be bound by the Settlement and any judgment and release entered in the Action, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim.

If you have not received a copy of the Notice, which more completely describes the Settlement and your rights thereunder, and a Proof of Claim, you may obtain these documents, as well as a copy of the Stipulation (which, among other things, contains definitions for the defined terms used in this Summary Notice) and other settlement documents, online at www.TintriSecuritiesLitigation.com, or by writing to:

Tintri Securities Litigation

Claims Administrator

c/o Gilardi & Co. LLC

P.O. Box 301171

Los Angeles, CA 90030-1171

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court.

Inquiries, other than requests for the Notice or for a Proof of Claim, may be made to Plaintiffs’ Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP

James I. Jaconette

655 West Broadway, Suite 1900

San Diego, CA 92101

Telephone: 800-449-4900

settlementinfo@rgrdlaw.com

IF YOU DESIRE TO BE EXCLUDED FROM THE CLASS, YOU MUST SUBMIT A REQUEST FOR EXCLUSION SUCH THAT IT IS POSTMARKED BY JULY 25, 2024, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE. ALL MEMBERS OF THE CLASS WHO HAVE NOT REQUESTED EXCLUSION FROM THE CLASS WILL BE BOUND BY THE SETTLEMENT EVEN IF THEY DO NOT SUBMIT A TIMELY PROOF OF CLAIM.

IF YOU ARE A CLASS MEMBER, YOU HAVE THE RIGHT TO OBJECT TO THE SETTLEMENT, THE PLAN OF ALLOCATION, THE REQUEST BY PLAINTIFFS’ COUNSEL FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES, AND/OR THE PAYMENT TO PLAINTIFFS FOR THEIR REPRESENTATION OF THE CLASS. ANY OBJECTIONS MUST BE FILED WITH THE COURT AND SENT TO PLAINTIFFS’ COUNSEL AND DEFENDANTS’ COUNSEL BY JULY 25, 2024, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE.

DATED: December 26, 2023	BY ORDER OF THE SUPERIOR COURT OF
	CALIFORNIA, COUNTY OF SAN MATEO
	THE HONORABLE SUSAN L. GREENBERG

________________________________

¹ For purposes of this Settlement only, the Class consists of all Persons and entities who purchased or otherwise acquired Tintri common stock between June 30, 2017 and December 26, 2017, inclusive.

² The Stipulation can be viewed and/or obtained at www.TintriSecuritiesLitigation.com. All capitalized terms used herein have the same meaning as the terms defined in the Stipulation.