TaskUs settles securities class action for $17.5M, subject to court approval

TaskUs, Inc.

Defendants to pay $17.5M, inclusive of plaintiffs' fees and expenses, under Stipulation of Settlement filed Feb 24, 2025.
Company expects insurance retention and policies to cover the entire settlement amount.
Defendants deny any wrongdoing; settlement is to avoid further litigation expense and risk.
Lawsuit alleged false statements in IPO registration statement and 2021 earnings calls.
Settlement requires final approval from U.S. District Court for the Southern District of New York.

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