Status: Open for Claims
Claim Deadline: September 16, 2025
Award: Varies based on losses (estimated $10+ minimum per valid claim)
Overview
Zoom Video Communications Inc. has agreed to a $150 million class action settlement to resolve allegations that it misled investors about the security of its video conferencing services.
The lawsuit claims that between April 18, 2019, and April 6, 2020, Zoom and its CEO Eric S. Yuan made false or misleading statements about the platform’s end-to-end encryption capabilities. When disclosures revealed Zoom did not offer full encryption as advertised, its stock price allegedly dropped, causing investor losses.
Who Is Eligible?
You may be eligible to file a claim if you:
- Bought or otherwise acquired Zoom common stock or call options on Zoom stock
- Sold put options on Zoom common stock
…and did so between April 18, 2019, and April 6, 2020.
Eligible filers include individuals, corporations, trusts, partnerships, and other entities that made qualifying transactions during the class period.
How Much Can You Receive?
Payments will be made on a pro rata basis from the $150 million fund. Your payout depends on:
- The number of valid claims filed
- The size of your recognized loss
- The details of your transactions, including purchase/sale dates and quantities
There is no set minimum, but valid claims may yield $10 or more, depending on losses.
How to File a Claim
You can submit a claim:
Mailing address:
Zoom Securities Settlement
Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 301133
Los Angeles, CA 90030-1133
Claim Deadline: September 16, 2025
What You’ll Need
You must provide supporting documentation, such as:
- Broker confirmation slips
- Monthly or quarterly broker statements
- Authorized transaction records
- Other documents proving Zoom securities purchases or sales during the class period
Payment Methods
- Electronic transfer
- Paper check
Settlement Fund Breakdown
Total Settlement Fund: $150,000,000
- Attorneys’ fees: Up to $28,125,000
- Litigation expenses: Up to $400,000
- Lead plaintiff service award: Up to $48,750
- Claims administration costs: TBD
- Payments to class members: Remaining balance after deductions
Important Dates
- Claim Deadline: September 16, 2025
- Exclusion Deadline: September 18, 2025
- Final Approval Hearing: October 9, 2025
When Will Payments Be Made?
Payments will be issued after the court grants final approval and any appeals are resolved. This process may take several months beyond the approval hearing.
Why Was There a Settlement?
The lawsuit accused Zoom of inflating its stock price by making misleading statements about the security of its meetings, specifically around end-to-end encryption. Plaintiffs claim they were harmed financially when the truth emerged and the stock price dropped.
Zoom denies any wrongdoing but agreed to settle to avoid the burden of continued litigation and provide compensation to investors.
Sources:
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.
