Eventbrite Investors Seek Approval of $1.9 Million Settlement

Eventbrite Inc. investors who alleged the online ticket seller and event manager misled them over its 2017 acquisition of Ticketfly asked a California federal court to preliminarily approve a $1.9 million settlement and a potential settlement class of thousands of investors nationwide.

According to the notice filed Aug. 7 in the U.S. District Court for the Northern District of California, the parties reached an agreement in principle in June, a few months after the court dismissed the class allegations.

The investors, who sued under the Securities Act and the Securities Exchange Act in 2019, alleged the company’s IPO registration statements ...