What is this Settlement about?
This website relates to a class action lawsuit (the “Action”) pending in the United States District Court for New Jersey (the “Court”) brought between Genesee County Employees’ Retirement System, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD, and Hachshara Insurance Company Ltd. (“Lead Plaintiffs”) on behalf of themselves and the Settlement Class (as defined below); and defendants Kornit Digital Ltd. ("Kornit") and certain of its executives during the relevant time period—Chief Executive Officer, Ronen Samuel, and Chief Financial Officer, Alon Rozner (together, the “Individual Defendants”). Defendants have denied the claims asserted against them in the Action and deny that the Settlement Class was harmed or suffered any damages as a result of the conduct alleged in the Action. Defendants have agreed to the Settlement solely to eliminate the burden and expense of continued litigation. Accordingly, the Settlement may not be construed as an admission of any wrongdoing by Defendants.
Collectively, the “Defendants,” and, together with Lead Plaintiffs, (the “Parties,” and each “Party”) have reached a proposed settlement of the Action (the “Settlement”) for $19,500,000 (United States Dollars) in cash (the “Settlement Amount”). The proposed Settlement, if approved by the Court, will resolve all claims in the Action.
Who is included?
If you are a member of the Settlement Class, you are subject to the Settlement. The Settlement Class preliminarily certified by the Court solely for purposes of the Settlement consists of:
all persons and entities who purchased or otherwise acquired ordinary shares of Kornit (i) during the period from February 17, 2021 through July 5, 2022, inclusive (the “Class Period”); and/or (ii) pursuant and/or traceable to Kornit’s secondary offering of ordinary shares in November 2021.
Please note: Receipt of the Notice or the mailed Postcard Notice does not mean that you are a Settlement Class Member or that you will be entitled to receive proceeds from the Settlement.
Who is excluded?
Excluded from the Settlement Class are (a) Defendants; (b) the Immediate Family Members of the Individual Defendants; (c) the Former Underwriter Defendants; (d) the subsidiaries and affiliates of Kornit and the Former Underwriter Defendants; (e) any person who is an officer, director or controlling person of Kornit; (f) any entity in which any Defendant or Former Underwriter Defendant has a controlling interest; (g) Defendants’ directors’ and officers’ liability insurance carriers, and any affiliates or subsidiaries thereof; (h) the Former Amazon Defendants; and (i) the legal representatives, heirs, successors or assigns of any such excluded party. Notwithstanding the foregoing, any investment company or business entity, or pooled investment fund, including but not limited to, mutual fund families, exchange traded funds, fund of funds, and hedge funds, in which the Former Underwriter Defendants, or any of them, have, has or may have a direct or indirect interest, or as to which their respective affiliates may act as an investment advisor, but in which any Former Underwriter Defendant alone or together with its respective affiliates, is not a majority owner or does not hold a majority beneficial interest, shall not be excluded from the Settlement Class.
Also excluded from the Settlement Class are any persons or entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court in accordance with the requirements set forth in paragraph 59 of the Notice.
If you are a Settlement Class Member and you wish to be eligible to participate in the distribution of proceeds from the Settlement, you are required to submit a Claim Form and the required supporting documentation as set forth therein postmarked (or submit a claim online) no later than December 10, 2026.
How do I obtain more information?
Detailed information about the Settlement is contained in the Notice. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free (855) 961-0955 or emailing info@KornitSecuritiesLitigation.com or mailing a letter to:
Kornit Securities Litigation c/o JND Legal Administration PO Box 91050 Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.
