Kornit Digital securities case heads to Nov. 18 settlement hearing over $19.5 million deal
A notice in the Kornit Digital securities class action says the parties proposed a $19.5 million cash settlement and set a Nov. 18, 2026, hearing in Newark.
A court notice says investors in Kornit Digital’s securities class action may be covered by a proposed $19.5 million cash settlement, with a hearing set for Nov. 18, 2026.
A court notice says the parties in In re Kornit Digital Ltd. Securities Litigation in the U.S. District Court for the District of New Jersey have proposed a cash settlement of $19.5 million. The claims involve purchases or acquisitions of Kornit ordinary shares from Feb. 17, 2021, through July 5, 2022, including shares tied to the company’s November 2021 secondary offering.
The notice says the proposed deal would resolve allegations that Kornit and certain senior officers violated federal securities laws. The claims are based on alleged misrepresentations and omissions related to the company’s business. The defendants deny liability and wrongdoing.
The action names CEO Ronen Samuel and CFO Alon Rozner as individual defendants.
According to the notice, the lead plaintiffs are Genesee County Employees' Retirement System; Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD; Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD; and Hachshara Insurance Company Ltd. The complaint cites Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934.
The settlement hearing is scheduled for Nov. 18, 2026, at 3:00 p.m. Eastern time before Judge Madeline Cox Arleo. The hearing may take place in Courtroom 4A at the Martin Luther King Building & U.S. Courthouse in Newark, New Jersey, or by telephone or videoconference if the court chooses.
The court will consider whether to approve the settlement, class certification for settlement purposes, appointment of lead plaintiffs and lead counsel, dismissal with prejudice, releases, the plan of allocation, and attorneys' fees and expenses. Requests for exclusion and objections are due by Oct. 28, 2026, and claim forms must be submitted by Dec. 10, 2026.
The notice lists www.KornitSecuritiesLitigation.com as the settlement website. JND Legal Administration is listed as the claims administrator, with a Seattle mailing address, a toll-free phone number and an email contact in the notice.
PR Newswire, which carried the notice, quoted the settlement as a “proposed settlement of the Action for $19,500,000 in cash” and said “your rights will be affected by a class action lawsuit pending in this Court.”
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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