QSI Securities Settlement

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QSI Securities Settlement
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On October 25, 2019, the Court authorized the initial distribution of the Net Settlement Fund to eligible Court-Approved Claimants.  The initial distribution to eligible claimants occured in December 2019.


The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here.  Since this website is just a summary, you should review the Notice for additional details.

Court-appointed Lead Plaintiffs, City of Miami Fire Fighters’ and Police Officers’ Retirement Trust and Arkansas Teacher Retirement System, on behalf of themselves and the Class, reached a settlement of the Litigation for $19 million in cash with defendants Quality Systems, Inc. (“QSI”), Steven T. Plochocki, Paul Holt, and Sheldon Razin that has resolved all claims in the Litigation (the “Settlement”).

If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement.  The Class consists of:

all persons and entities who purchased or otherwise acquired QSI common stock during the period from May 26, 2011 through July 25, 2012, inclusive (the “Class Period”), and were damaged thereby, except for certain persons and entities who are excluded from the Class by definition (see paragraph 18 of the Notice) or who requested exclusion pursuant to the instructions set forth in the Notice.

Please read the Notice to fully understand your rights. A copy of the Notice can be found on the menu at the left of this page.

Please read the Notice carefully.  If you have questions, you may call the QSI Securities Litigation Help Line at 866-963-9980 or email info@QSISecuritiesSettlement.com.  


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