Nutanix Class Action Settlement, Voluntarily Dismissal Greenlit

Nutanix Inc. and a shareholder got a federal judge’s approval for the settlement and dismissal of a class action alleging that the cloud computing company had incurred excessive costs by paying full price for third-party evaluation software due to deficient internal controls.

Judge Yvonne Gonzalez Rogersallowed plaintiff Alexander Gorsline to drop his suit against Nutanix on Monday ending seven months of litigation the same day the parties held their settlement status conference, according to the order filed in US District Court for the Northern District of California.

Gorsline had alleged in April that Nutanix improperly used the third-party software ...