Forescout Technologies Inc. $45M Securities Settlement
If you purchased or otherwise acquired Forescout Technologies Inc. common stock between May 10, 2019 and May 15, 2020, you could receive a cash payment from the $45 million securities class action settlement. Estimated average recovery is $1.18 per eligible share. Submit your claim online or by mail no later than December 1, 2025.
Download Claim Form (PDF)Who Is Eligible?
- Individuals and entities that bought or otherwise acquired Forescout common stock between May 10, 2019 and May 15, 2020.
- You must have suffered a loss on the shares purchased during the class period.
- Shares obtained by gift, inheritance, or operation of law are not eligible.
Potential Cash Payments
Payments will be made on a pro-rata basis from the net settlement fund:
- Average recovery is estimated at $1.18 per eligible share before deductions.
- Your exact payment depends on the timing and price of each purchase and sale, as outlined in the plan of allocation.
- No distribution will be made for recognized losses under $10.
Key Allocation Highlights
- Shares sold before Oct. 10, 2019: $0 recognized claim.
- Shares sold between Oct. 10, 2019 and May 15, 2020: difference in price inflation.
- Shares sold during the 90-day look-back (May 18–Aug 13, 2020): lesser of price-inflation difference or purchase price minus look-back value.
- Shares held through Aug 13, 2020: lesser of price inflation at purchase or purchase price minus $25.
- Shares bought between May 12 and May 15, 2020 receive a 50% boost to the recognized claim.
How to File Your Claim
- File online via the settlement website OR mail the completed PDF claim form.
- Provide acceptable documentation for every transaction:
- Brokerage confirmation slips
- Monthly account statements
- Broker-generated statements containing the required details
- Submit by December 1, 2025. Claims lacking documentation may be rejected.
Settlement Administrator
Strategic Claims Services
c/o Sayce v. Forescout Technologies Inc., et al.
P.O. Box 230, 600 N. Jackson St., Suite 205
Media, PA 19063
Phone: 866-274-4004
Email: info@forescoutsecuritieslitigation.com
Important Dates
- Claim Filing Deadline: Dec. 1, 2025
- Fairness Hearing: Dec. 5, 2025
- Final approval must be granted and any appeals resolved before payments are mailed.
Why Is There a Settlement?
The lawsuit alleges Forescout Technologies Inc. and certain executives violated federal securities laws by making false or misleading statements regarding the company’s sales pipeline, financial performance and planned merger with Advent International Inc., allegedly inflating the stock price. While Forescout denies any wrongdoing, it has agreed to pay $45 million to avoid further litigation risk and expense.
Frequently Asked Questions
- What is the Forescout Technologies Inc. $45M Securities Settlement about?
- The settlement resolves claims that Forescout misled investors about its financial health and merger plans, allegedly inflating share prices.
- How do I submit the Forescout Technologies settlement claim form?
- You can file online through the settlement website or download the PDF claim form, complete it, and mail it with supporting documentation by Dec. 1, 2025.
- How much money will I receive from the Forescout settlement?
- Payments are pro-rata. The average estimated recovery is $1.18 per eligible share before deductions, but your payment depends on your specific trading history.
- When will the Forescout Technologies settlement pay out?
- Checks will be mailed after the court grants final approval on Dec. 5, 2025 (or later if there are appeals) and all claims are processed.
- Do I need proof to file a Forescout Technologies claim?
- Yes. Acceptable proof includes brokerage confirmations or monthly statements showing each purchase, sale, and holding of Forescout stock during the class period.