The settlement includes all persons who purchased or otherwise acquired shares of Violin Memory Inc (NYSE: VMEM) common stock: (i) in Violin Memory Inc’s initial public offering on September 27, 2013; and/or (ii) on the public market between September 27, 2013 and November 21, 2013.

March 14, 2017 - The court ordered the authorization of the distribution of the net settlement fund.

July 28, 2016 - The court approved the settlement.

July 26, 2016 - The court held a final settlement hearing.

March 16, 2016 - The court preliminarily approved the settlement.

January 28, 2016 - Parties filed a stipulation of settlement.

May 6, 2015 - The lead plaintiffs filed an amended complaint.

April 30, 2015 - The court granted the defendants' motion to dismiss and granted the plaintiffs leave to file an amended complaint.

February 25, 2015 - The lead plaintiffs filed a notice of voluntary dismissal.

December 19, 2014 - Defendants filed motions to dismiss.

November 21, 2014 - The lead plaintiffs filed a second amended complaint.

October 31, 2014 - The court granted in part and denied in part the defendants' motion to dismiss.

April 18, 2014 - Defendants filed a motion to dismiss.

March 28, 2014 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased VMEM common shares between September 27, 2013 and November 21, 2013. The lead plaintiff alleges that the defendants violated the Securities Act of 1933 by issuing false and misleading statements between September 27, 2013 and November 21, 2013.

February 26, 2014 - The lead plaintiffs and lead counsel were appointed.

February 13, 2014 - All cases were consolidated.

January 27, 2014 - Lead plaintiff motions were filed.

December 17, 2013 - Another investor filed a complaint.

November 26, 2013 - An investor in shares of Violin Memory Inc (NYSE: VMEM) filed a lawsuit in the U.S. District Court for the Northern District of California against Violin Memory Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between September 27, 2013 and November 26, 2013.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased the common stock of Violin Memory Inc pursuant and/or traceable to Violin Memory Inc's September 26, 2013 IPO, that Violin Memory Inc, certain of its executive officers and directors, and underwriters of the IPO violated federal securities laws.

The plaintiff alleges that the prospectus and registration statement issued in connection with Violin Memory Inc’s IPO were allegedly false and misleading because they failed to disclose that Violin Memory Inc was being negatively impacted by known trends affecting its sales and revenues. More specifically, the plaintiff claims that Violin Memory Inc allegedly failed to disclose that, prior to the IPO, Violin Memory Inc's sales and revenues were being negatively impacted by the reprioritization of federal agencies’ budgets due to the uncertainty surrounding the negotiations over the federal budget and the possibility of a shutdown of the federal government.

On November 21, 2013, Violin Memory Inc announced its financial results for the third fiscal quarter that ended on October 31, 2013. Among other things, Violin Memory Inc issued its guidance for its fiscal 2014 fourth quarter.

The plaintiff alleges it was then when Violin Memory Inc disclosed that it had been negatively impacted by the slowdown in spending by the federal government in its first quarter as a public company.

Shares of Violin Memory Inc (NYSE: VMEM) declined from $6.20 per share during November 21, 2013, to as low as $3.00 during November 22, 2013.

On November 26, 2013, Violin Memory Inc (NYSE: VMEM) shares closed at $3.29 per share.