The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; And (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the “Notice”). A copy of the Notice can be found on the Important Documents page at the top of this website. Because this website is just a summary, you should review the Notice for additional details.

Announcement: The Settlement Hearing took place on 11/04/24 at 10:00 AM. The Settlement and Plan of Allocation have been approved. Please refer to the Order Granting Final Approval of Class Action Settlement and Plaintiffs’ Motion for Attorneys’ Fees and Costs, entered November 4, 2024 for additional information.

Summary of the Action and Settlement

This website relates to an approved Settlement of claims in a securities class action brought by investors alleging, among other things, that defendants Citrix Systems, Inc. (“Citrix”), Robert M. Calderoni, Nanci E. Caldwell, Murray J. Demo, Thomas E. Hogan, Moira A. Kilcoyne, Robert E. Knowling, Jr., Peter J. Sacripanti, and J. Donald Sherman (the “Individual Defendants” and collectively, with Citrix, “Defendants”) and collectively with Plaintiffs, the “Parties”) violated the federal securities laws by making false and misleading statements regarding Citrix.  Defendants deny the allegations of wrongdoing asserted in this Action and deny any liability whatsoever to any member of the Class.

Plaintiffs, on behalf of themselves and the Class, have agreed to settle the Action in exchange for a settlement payment of $17,500,000 in cash or immediately available funds (the “Settlement Amount”) to be deposited into an Escrow Account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with the Plan of Allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Class.

If you are a member of the Class, you are subject to the Settlement, unless you timely requested to be excluded. The Class consists of:

All persons and entities other than defendants who held (of record or beneficially) common stock of Citrix Systems, Inc. at any time from March 8, 2022, up to and through September 30, 2022, both dates inclusive.

Excluded from the Class are Defendants; members of their Immediate Families; any entity in which any Defendant had a controlling or partnership interest during the Settlement Class Period; any person who served as an Officer (as defined in the Stipulation) or Director of Citrix during the Settlement Class Period; and the successors, heirs, and assigns of any excluded.  Also excluded from the Class are any persons or entities who or which exclude themselves by submitting a valid and timely request for exclusion and persons and entities with no compensable losses.

Payments to eligible claimants will be made only after any appeals on the approval of the Settlement and Plan of Allocation 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 any questions about the Notice, the Settlement, or your eligibility, please do not contact Citrix or its counsel. All questions should be directed to Class Counsel or the Claims Administrator. 

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the Important Documents page of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 855-680-2526, emailing info@CitrixSystemsMergerSettlement.com, or mailing a letter to:

Juan A. Vargas v. Citrix Systems, Inc. 
c/o JND Legal Administration
PO Box 91498 
Seattle, WA 98111

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