VMware, Investors Get Final OK for $103 Million Settlement, Fees

VMware Inc.'s nearly $103 million settlement of investor claims that it manipulated its revenue accounting warrants final approval, a federal court ruled.

Judge Edward J. Davila also gave a green light to a 25% attorneys’ fee request—nearly $26 million—for the investors’ counsel. The approvals Monday wrap up a suit that’s been underway since 2020 in the US District Court for the Northern District of California.

• The investors alleged that the cloud computing company and its leaders misleadingly indicated that it was meeting its revenue expectations for fiscal years 2019 and 2020, and that two executives sold tens of millions of ...