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October 27 - The court preliminarily approved the settlement.
September 17, 2020 - A stipulation and agreement of settlement was entered by the parties.
December 3, 2019 - A consolidated amended complaint was filed.
July 9, 2019 - An investor in shares of Verb Technology Company, Inc. (NASDAQ: VERB) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Verb Technology Company, Inc in connection with certain allegedly false and misleading statements made between January 3, 2018 and May 2, 2018.
According to the complaint the plaintiff alleges on behalf of purchasers of Verb Technology Company, Inc. (NASDAQ: VERB) common shares that the defendants violated Federal Securities Laws. Los Angeles, CA based Verb Technology Company, Inc. provides cloud-based business software products under the Tagg brand name.
On January 3, 2018, Verb Technology Company, Inc announced a purported agreement with Oracle America, Inc. (the “Oracle Agreement”) which received widespread attention Verb Technology Company, Inc made this announcement via a filing with the United States Securities and Exchange Commission (“SEC”) on Form 8-K, which omitted the text of the agreement itself. Shares of Verb Technology Company, Inc. (NASDAQ: VERB) grew to $45.60 per share on April 16, 2018.
Then, on April 23, 2018, the truth as to Verb Technology Company’s relationship with Oracle began to emerge. Verb Technology Company revealed the actual terms of the Oracle Agreement through the filing of a Form 8-K. Shares of Verb Technology Company, Inc. (NASDAQ: VERB) declined to $2.28 per share in the end of 2018.