Thread regarding Splunk Inc. layoffs

splunk will settle

There are at least 2 class action shareholder lawsuits related to securities fraud that skunk has to settle. I'm assuming cisco has calculated these costs into their offer. It's a headache to resolve because they inherit all lawsuits and liabilities.

| 683 views | | 3 replies (last October 25)
Post ID: @OP+1oNhybyS

3 replies (most recent on top)

Hate to say it but $30M is extremely trivial and a literal drop in the bucket compared to the acquisition price. It’s 0.001% of the acquisition price.

Post ID: @tgsv+1oNhybyS

I literally fell on the ground when I found out they were being sued and they actually are on the hook for 30 million. nothing but frauds and liars. how are you gonna be such a sc-mmy company and lie to shareholders? what's worse, their folks so bad, didn't even know, "hey, giving wrong guidance, lying about costs, layoffs, roadmaps....will this upset the SEC?" while i was working there it was like people didn't even know it happened. 30 mil isn't a drop in the hat. and if you brought that up to mgmt, they'd be like "pffffft.....that's pennies to us....look at my cool t-shirt..." 30 million impacts the worker bees raises. i know there is WAY more shady stuff that went on. terrible company.

Post ID: @3mlr+1oNhybyS

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