$12M Cvent Holding Stockholder Settlement, Did You Own Shares When Blackstone Bought the Company? July 10 Is Deadline to File Claim 

The Cvent Holding stockholder class action settlement is a $12,000,000 fiduciary duty case where eligible stockholders who received $8.50 per share at the June 15, 2023 close of the take-private transaction may receive a pro rata cash payment — with no claim form required. Vista Equity Partners Management LLC, related Vista entities, and certain Cvent directors and officers agreed to the settlement. The case is pending final approval in the Delaware Court of Chancery.

Cvent $12M Settlement: Quick Facts

Field	Detail
Settlement Amount	$12,000,000
Claim Deadline	No claim form required — automatic distribution
Who Qualifies	Record and beneficial holders of Cvent common stock who received $8.50/share on June 15, 2023
Payout Per Person	Pro rata based on eligible shares held at closing — exact per-share amount TBD pending final court approval and total valid participants
Proof Required	Not applicable — no claim form
Settlement Status	Pending final court approval
Fairness Hearing	July 10, 2026
Administrator	A.B. Data Ltd., P.O. Box 170500, Milwaukee, WI 53217
Official Website	cventstockholderslitigation.com
Last Updated	May 16, 2026

Current Status of the Cvent Settlement

• The stipulation and agreement of settlement was executed on April 13, 2026 and reported by Law360 on April 15, 2026.
• The Delaware Court of Chancery has scheduled a fairness hearing for July 10, 2026 to consider final approval.
• This is a non-opt-out class — class members cannot exclude themselves from the settlement under Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2).
• Payments will be issued after the court grants final approval and any appeal period resolves.

What Is the Cvent Lawsuit About? Genesee County Employees’ Retirement System v. Vista Equity Partners Management LLC et al., No. 2024-0299-PAF

The lawsuit centers on the $4.6 billion take-private sale of Cvent Holding Corp. to affiliates of Blackstone Inc. that closed on June 15, 2023. Cvent is a cloud-based event management and hospitality technology company headquartered in Tysons, Virginia.

Vista Equity Partners Management LLC was Cvent’s controlling stockholder at the time of the sale. The plaintiff — Genesee County Employees’ Retirement System, a Michigan pension fund — filed the case in the Delaware Court of Chancery in April 2024, alleging Vista breached its fiduciary duties under Delaware corporate law owed to minority stockholders.

The core allegation: while Cvent’s minority shareholders received a fixed $8.50 per share in cash, Vista secured a $1.25 billion preferred equity rollover investment in the post-transaction company on above-market terms — a benefit not shared with ordinary stockholders. Plaintiffs also argued the deal lacked two critical procedural safeguards: a majority-of-the-minority stockholder vote and approval by a fully independent special committee. The court denied Vista’s motion to dismiss in January 2025, allowing most claims to move toward trial before the parties reached this settlement agreement in April 2026.

Related article: $2M Meathead Movers Age Discrimination Settlement, Were You Turned Down for a Job Because of Your Age? July 27 is Deadline to Claim 

If you are researching similar cases involving controlling stockholder conflicts, the Bioness $8.9M Stockholder Settlement involved nearly identical allegations about minority stockholders being shortchanged in a sale engineered by a controlling creditor.

Who Qualifies for the Cvent Stockholder Settlement?

This settlement covers a specific, well-defined group. Here is how to know if it includes you.

You may qualify if:

• You held Cvent Holding Corp. common stock as a record holder or beneficial holder as of June 15, 2023 — the date the Blackstone transaction closed
• You received $8.50 per share in cash as your consideration when the deal closed
• You are an individual investor, institutional investor, estate, trust, or other entity that held those shares
• You purchased Cvent common stock on or before June 15, 2023, and those shares were part of the transaction, even if settlement of the trade had not fully processed by closing
• You are a successor or assign of an eligible stockholder

You are likely NOT included if:

• You never held Cvent Holding Corp. common stock
• You purchased Cvent shares after June 15, 2023 (the company went private on that date)
• Your shares were not part of the take-private transaction that paid $8.50 per share

For street-name shares held through a brokerage account, A.B. Data Ltd. will distribute your payment through the Depository Trust Company to your broker, who will pass it to you. For shares held directly outside the DTC, the administrator will send payment directly to the record owner.

Investors interested in other class action settlement eligibility — particularly for securities class action settlement cases involving alleged disclosure failures — may also want to review the DiDi Global $740M Securities Class Action Settlement, which covers a different investor harm scenario.

How Much Can Cvent Stockholders Receive?

The total settlement fund is $12,000,000. Before distribution to class members, the court must approve deductions from that fund:

• Attorneys’ fees and expenses: Up to $2,520,000
• Service award to the lead plaintiff: Up to $2,500
• Settlement administration costs: TBD — to be determined after final court approval

The remaining net fund distributes to eligible class members on a pro rata basis. Your payment equals the number of eligible Cvent shares you held at closing, multiplied by the per-share recovery rate. The per-share recovery is calculated by dividing the net fund by the total number of eligible shares held by all class members combined.

No specific per-share payment amount can be confirmed until final court approval and full class participation is calculated. No claim form is needed to participate. The administrator will send your payment the same way you received the original $8.50 per share — through your broker or directly to your address of record.

No Claim Form Required: How the Cvent Settlement Payment Works

Unlike most class action settlements, Cvent stockholders do not need to file any paperwork to receive their payment. This is how the process works:

Step 1 — The Delaware Court of Chancery holds the fairness hearing on July 10, 2026.

Step 2 — If the court grants final approval and no appeal is filed, the settlement becomes final and the administrator begins processing distributions.

Step 3 — A.B. Data Ltd. identifies eligible class members using existing shareholder records and DTC data.

Step 4 — If your shares were held in a brokerage account (street name), your broker receives the payment through DTC and credits it to your account.

Step 5 — If your shares were held directly of record outside DTC, A.B. Data Ltd. mails your check to your address on file.

Step 6 — If your contact information has changed since June 2023, contact the administrator directly at the address below to update your records.

If you have questions or need to update your information, contact A.B. Data Ltd. at: Cvent Stockholders Litigation, c/o A.B. Data Ltd., P.O. Box 170500, Milwaukee, WI 53217 | Phone: 877-580-7778 | Email: [email protected]

Estimated effort to receive payment: No action required for most class members.

Cvent Stockholder Lawsuit Timeline

Milestone	Date
Cvent Take-Private Transaction Closes	June 15, 2023
Class Action Lawsuit Filed	April 2024
Motion to Dismiss Oral Arguments	January 17, 2025
Court Denies Motion to Dismiss	January 24, 2025
Settlement Agreement Executed	April 13, 2026
Law360 Reports Settlement	April 15, 2026
Fairness Hearing (Final Approval)	July 10, 2026
Expected Payment Date	TBD — after final court approval and resolution of any appeals; likely late 2026

Frequently Asked Questions About the Cvent Settlement

Is there a class action settlement against Cvent and Vista Equity Partners?

 Yes. Genesee County Employees’ Retirement System reached a $12,000,000 settlement in April 2026 against Vista Equity Partners Management LLC, Cvent directors, and related entities over the June 2023 take-private transaction. The case is pending final approval in the Delaware Court of Chancery, No. 2024-0299-PAF.

Do I need to file a claim to get my Cvent settlement payment? 

No. This is an automatic distribution settlement. A.B. Data Ltd. will use existing shareholder records to identify eligible class members and distribute payments through the same channels that delivered the original $8.50 per share. No claim form exists and none is required.

When will I receive my Cvent settlement payment?

 Payments cannot go out until the Delaware Court of Chancery grants final approval after the July 10, 2026 fairness hearing and any appeal period resolves. If no appeals are filed, payment is likely by late 2026. A.B. Data Ltd. at 877-580-7778 can confirm updated timelines.

Can I opt out of the Cvent stockholder settlement? 

No. This is a non-opt-out class certified under Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). All eligible class members are bound by the settlement and cannot exclude themselves from it.

Will my Cvent settlement payment affect my taxes? 

Possibly. Settlement proceeds from stockholder class actions may be treated as capital gains or ordinary income depending on your specific tax situation and original investment basis. Consult a qualified tax professional before filing your return for the year you receive payment.

How much will each Cvent stockholder receive per share? 

The exact per-share recovery depends on the net fund after court-approved deductions and the total number of eligible shares across all class members. No specific per-share amount is confirmed yet. The per-share amount is calculated after the July 10, 2026 fairness hearing.

Do I need a lawyer to participate in the Cvent settlement?

 No. Class members do not need a consumer rights lawyer or any legal representation to receive an automatic payment. However, if you believe you have a separate individual claim or suffered losses beyond the settlement scope, consulting a class action lawsuit attorney for a free legal consultation is advisable.

Is the Cvent settlement legitimate? 

Yes. The settlement is administered by A.B. Data Ltd., a court-appointed professional administrator. The case is filed in the Delaware Court of Chancery under No. 2024-0299-PAF. The official settlement website is cventstockholderslitigation.com, which is the only legitimate source for case updates.

Sources & References

• Official settlement notice: cventstockholderslitigation.com (A.B. Data Ltd., settlement administrator)
• Stipulation and Agreement of Settlement, April 13, 2026, Delaware Court of Chancery, No. 2024-0299-PAF
• Law360: Cvent Investors Reach $12M Deal To End Take-Private Suit, Katryna Perera, April 15, 2026
• Bloomberg Law: This Week in Chancery Court, January 13, 2025 (motion to dismiss oral arguments)
• Law360: Chancery Keeps $4.6B Cvent Sale Challenge Alive, Jeff Montgomery, January 24, 2025

Prepared by the AllAboutLawyer.com Editorial Team and reviewed for factual accuracy against the official settlement administrator website and court filings on May 16, 2026. Last Updated: May 16, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.

Verfied Facts

• Case: Genesee County Employees’ Retirement System v. Vista Equity Partners Management LLC et al., No. 2024-0299-PAF, Delaware Court of Chancery
• Settlement: $12,000,000 — preliminarily approved, pending final court approval
• Fairness Hearing: July 10, 2026
• Who qualifies: Record and beneficial holders of Cvent common stock who received $8.50/share at the June 15, 2023 close of the take-private transaction
• Claim form: NOT required — automatic distribution
• Payout: Pro rata based on eligible shares held at close
• Attorney fees: Up to $2,520,000
• Service award: Up to $2,500
• Administrator: A.B. Data Ltd., P.O. Box 170500, Milwaukee, WI 53217
• Defendant: Vista Equity Partners Management LLC, Cvent directors/officers
• Alleged violation: Breach of fiduciary duty under Delaware corporate law
• Nature of complaint: Vista received $1.25B preferred equity rollover in the Blackstone-led post-transaction company while minority stockholders got only $8.50/share; no majority-of-the-minority vote; no fully independent special committee
• This is a non-opt-out class under Delaware Court of Chancery Rules 23(a), 23(b)(1) and 23(b)(2)
• Settlement stipulation date: April 13, 2026
• Law360 reported settlement: April 15, 2026
• Official site: cventstockholderslitigation.com
• Internal link targets from allaboutlawyer.com: Bioness $8.9M Stockholder Settlement, DiDi Global $740M Securities Settlement, Rivian $250M Securities Settlement