The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the "Notice"), which you can access by clicking here. Because this website is only a summary, you should review the Notice for additional details.
Notice of Pendency of Class Action: Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a record holder or beneficial holder of shares of Cvent Holding Corp. (“Cvent” or the “Company”) common stock whose shares were exchanged for $8.50 per share in cash when Cvent was acquired on June 15, 2023.
Notice of Settlement: Please also be advised that (i) Plaintiff Genesee County Employees Retirement System (“Plaintiff”), on behalf of itself and the Class (defined below); and (ii) Defendants Vista Equity Partners Management, LLC, Vista Equity Partners Fund VI, L.P., Vista Equity Partners Fund VI-A, L.P., VEPF VI FAF, L.P., VEPF IV AIV VII, L.P., VEPF IV AIV VII-A, L.P., VEPF III AIV VI, L.P., VEPF III AIV VI-A, L.P., VFF I AIV IV, L.P., VFF I AIV IV-A, L.P. (collectively, “Vista”); Maneet Saroya; David Breach; Betty Hung; Sam Payton; Nicolas Stahl; and Rajeev Aggarwal (collectively, the “Individual Defendants,” and together with Vista, “Defendants”) have reached a proposed settlement of the Action (the “Settlement”) for $12,000,000 (United States Dollars) in cash. The proposed Settlement, if approved by the Court, will resolve all claims in the Action against Defendants, and the Action will be dismissed with prejudice.
If you are a member of the Class, you are subject to the Settlement. The Class certified by the Court under its December 3, 2025, Class Certification Order consists of:
All record and beneficial holders of Cvent common stock as of June 15, 2023 (the date of the consummation of the Transaction) who received Transaction Consideration,1 together with their respective successors and assigns, except the Excluded Persons. The Excluded Persons are: (i) Defendants; (ii) the directors and named executive officers of Cvent (as identified in the Proxy); (iii) any parent, subsidiary, affiliate, partner, executive officer, director, heir, successor, assign, or controlling person of any of the foregoing; (iv) members of the Immediate Family of any of the foregoing; and (v) any entity in which any of the foregoing has or had a controlling interest on June 15, 2023.
Please Note: The Settlement Class is a non-“opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Settlement Class.
PLEASE READ THE NOTICE CAREFULLY AND IN ITS ENTIRETY. The Notice explains how members of the Class, or “Class Members,” will be affected by the Settlement.
If you have questions, you may call the Cvent Stockholders Litigation Help Line at 1-877-580-7778 or email info@CventStockholdersLitigation.com
1 “Transaction Consideration” means $8.50 per share in cash, exchanged for each share of Cvent common stock converted in connection with the Transaction.
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RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM. |
If you are a Class Member (as defined in paragraph 23 of the Notice), you may be eligible to receive a pro rata distribution from the Settlement proceeds. Class Members do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible for a distribution from the Settlement, it will be paid to you directly. See paragraphs 28-36 in the Notice. |
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OBJECT TO THE SETTLEMENT, THE PROPOSED PLAN OF ALLOCATION, OR PLAINTIFF’S COUNSEL’S REQUEST FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JUNE 23, 2026. |
If you are a Class Member and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Plaintiff’s Counsel’s application for a Fee and Expense Award (including any Incentive Award to Plaintiff), you may write to the Court and explain the reasons for your objection. |
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ATTEND A HEARING ON JULY 10, 2026, AT 11:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JUNE 23, 2026. |
Filing a written objection that is received by June 23, 2026 and notice of intention to appear that is received by June 23, 2026, allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the July 10, 2026 hearing may be conducted by telephone or videoconference (see paragraphs 42-51 of the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |