Open for claimsSecuritiesEverbridge common stock settlement
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Sources last checked:
Investors allege that statements about Everbridge’s business artificially inflated the price of its common stock. Defendants deny wrongdoing. The federal court in California granted preliminary approval of an $85 million cash settlement on August 25, 2026. It scheduled a final approval hearing for December 17, 2026 at 10 a.m. Pacific.
An investor’s estimated share depends on the dates and prices of their trades and the total recognized claims. The proposed allocation generally requires holding eligible shares through at least one of the alleged corrective disclosures after market close on December 9, 2021 or February 24, 2022. A valid claim, final court approval and processing are required for payment.
Key facts
- Gross settlement
- $85 million plus earned interest
- Eligible acquisitions
- February 18, 2020 through February 24, 2022, inclusive
- Security
- Everbridge publicly traded common stock
- Claim deadline
- November 25, 2026, online submission or mail postmark
- Distribution threshold
- $10 calculated prorated payment
- Court case
- Sylebra Capital Partners Master Fund Ltd v. Everbridge, Inc., No. 2:22-cv-02249-FWS-RAO, Central District of California
Official settlement administrator: Verita Global, LLC
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
The court PRELIMINARILY APPROVES the Settlement, subject to further consideration at the final approval stage;
August 25, 2026 preliminary approval order, Dkt. 190Disposition, PDF p. 21
Who qualifiesChecked
If you purchased or otherwise acquired Everbridge, Inc. publicly traded common stock during the period from February 18, 2020 through February 24, 2022, both dates inclusive
September 15, 2026 issued notice and plan of allocationClass definition, PDF p. 1
Who qualifiesChecked
and held through at least one of the alleged corrective disclosure dates listed above.
September 15, 2026 issued notice and plan of allocationAllocation ¶69, PDF p. 12
Payment and benefitsChecked
the proposed Settlement will create an $85,000,000 fund, plus earned interest
September 15, 2026 issued notice and plan of allocationGross fund, PDF p. 1
Payment and benefitsChecked
If the prorated payment to any Authorized Claimant calculates to less than $10.00, it will not be included in the calculation and no distribution will be made to that Authorized Claimant.
September 15, 2026 issued notice and plan of allocationAllocation ¶80, PDF p. 15
Claim deadlineChecked
WWW.EVERBRIDGESECURITIESSETTLEMENT.COM NO LATER THAN NOVEMBER 25, 2026 OR, IF MAILED, BE POSTMARKED NO LATER THAN NOVEMBER 25, 2026
Administrator-issued proof of claim and releaseGeneral instructions ¶2, PDF p. 1
Proof requirementsChecked
Copies of broker trade confirmations or other documentation of the transactions must be attached to your claim.
Administrator-issued proof of claim and releaseTransaction instructions ¶11, PDF p. 2
Proof requirementsChecked
All joint owners must sign this claim.
Administrator-issued proof of claim and releaseClaimant instructions ¶7, PDF p. 2
Claim statusChecked
The Court will hold the Settlement Hearing on December 17, 2026 at 10:00 a.m. (Pacific Time)
September 15, 2026 issued notice and plan of allocationHearing ¶59, PDF p. 11
Who qualifies
- The class includes people and entities that purchased or otherwise acquired Everbridge publicly traded common stock during the class period and were allegedly damaged. The class definition uses the security, acquisition dates and damages and specifies no state-residency requirement. The beneficial owner or that owner’s legal representative files the claim.
- Excluded are the defendants and immediate family members of individual defendants, Everbridge officers, directors and control persons during the class period, and entities in which a defendant has or had a controlling or beneficial interest.
- Everbridge employee retirement and benefit plans and their participants or beneficiaries are excluded for purchases through those plans. The exclusion also covers legal representatives, affiliates, heirs, successors-in-interest and assigns of excluded persons and anyone whose timely, valid exclusion request the court accepts.
How to file an Everbridge stock claim
- 1
Document your trades and holdings
Provide copies of broker confirmations or equivalent records for all relevant purchases, acquisitions and sales, plus balances on February 17, 2020 and May 25, 2022. Report purchases after the class period through May 25, 2022 for verification. Those later purchases themselves cannot generate a recovery.
- 2
Sign the proof of claim
Provide the beneficial owner’s details, complete the transaction schedule and sign the certification and release. All joint owners must sign. A legal representative must include evidence of authority to act. For bulk electronic transaction files, contact Verita for the required layout and also send the manually signed paper claim.
- 3
Submit online or obtain a timely postmark
File through the official settlement website or mail the signed claim and copies of supporting records to Everbridge Securities Settlement, c/o Verita Global, LLC, P.O. Box 301170, Los Angeles, CA 90030-1170. Online submission or the postmark must be no later than November 25, 2026. Verita asks claimants who have not received an acknowledgment postcard within 60 days to call 888-808-1850.
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Frequently asked questions
What is a recognized loss?
The proposed plan matches transactions first in, first out. For each eligible purchase it considers both purchase and sale dates, the alleged inflation on those dates and, where applicable, actual losses and the 90-day lookback values. For shares sold before December 10, 2021 the recognized loss is zero.
How much does each investor get?
After taxes, notice, administration and court-approved fees and expenses, the net fund is allocated using approved recognized claims. The administrator calculates a claimant’s proportional share against the total eligible recognized claims. A calculated payment below $10 is excluded from distribution. No fixed per-share amount is guaranteed.
What if I bought my shares through a broker?
A broker may be the record owner, but the actual beneficial owner or that owner’s authorized legal representative submits the claim. Copies of the transaction and holding records are required.
When will payment be made?
The court has scheduled a final approval hearing for December 17, 2026. The notice says distribution follows claim processing and final court approval. No payment date is promised.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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