TaskUs, Investors Get Final Approval for $18 Million Settlement

TaskUs Inc.'s nearly $18 million class settlement with investors over the outsourcing firm’s employee retention metrics received final approval from a federal court Thursday.

The deal is fair, reasonable, and adequate, Judge John P. Cronan said for the US District Court for the Southern District of New York. Cronan also approved nearly $5.3 million in attorneys’ fees, or 30% of the settlement fund.

• The investors alleged TaskUS, which provides customer support and social media content moderation services, misrepresented its employee attrition rate and manipulated its Glassdoor worker satisfaction rating to boost its initial and secondary public offerings
• Corporate insiders, including ...