---
schema_version: "secwatch.filing_event.v1"
accession: "0001902733-24-000157"
form_type: "8-K"
ticker: "NCNO"
cik: "0001902733"
company_name: "nCino, Inc."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:44:41.426475+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Delaware Supreme Court affirms dismissal of derivative lawsuit against nCino

## Summary
- On Sept 12, 2024, Delaware Supreme Court summarily affirmed dismissal of derivative suit filed Sept 2022.
- Lawsuit challenged fiduciary duties in mergers leading to nCino becoming parent of nCino OpCo and SimpleNexus.
- Defendants included Insight Venture Partners, directors, and officers; all claims dismissed with prejudice.
- The dismissal ends all litigation related to the merger challenges, removing legal uncertainty for nCino.

## SEC filing metadata
- accession: 0001902733-24-000157
- form_type: 8-K
- ticker: NCNO
- cik: 0001902733
- company_name: nCino, Inc.
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000157/0001902733-24-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000157/ncno-20240912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001902733-24-000157
- JSON: https://secwatch.observer/filing/0001902733-24-000157.json
- Plain text: https://secwatch.observer/filing/0001902733-24-000157.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.