Pluralsight Settles $20M Case with Public School Retirement Funds

Pluralsight will pay $20 million to a group of early investors to settle claims the Utah tech giant misrepresented its success to investors in its early days as a public company.

The settlement ends a nearly five-year and “very hard-fought” legal battle between Pluralsight, one of Silicon Slopes’ flagship tech companies, and a group of investors responsible for public employees’ retirement funds in the Midwest, said plaintiff’s lead attorney Carol Gilden at the final settlement hearing Tuesday morning.

Read more at The Salt Lake Tribune.