Forescout, Investors Get Final Nod for $45 Million Settlement

Forescout Technologies Inc.‘s $45 million settlement of class claims for securities fraud has received a federal court’s final approval.

The deal is a fair, reasonable, and adequate resolution of investor claims that the cybersecurity company misrepresented its sales pipeline and the prospects of a merger, Judge Susan Illston said Dec. 5 for the US District Court for the Northern District of California. Illston also approved an attorneys’ fee request of $15 million, or one-third of the settlement fund.

• The investors alleged that Forescout and two of its executives misled them about its sales force’s experience and the certainty of ...