TaskUs $17.5 Million Securities Class Action Settlement

Consumers who purchased or otherwise acquired TaskUs Class A common stock between June 11, 2021, and Jan. 19, 2022, may qualify to claim a share of a $17.5 million class action settlement.

TaskUs Inc. agreed to pay $17,500,000 to resolve a class action lawsuit alleging the company and some of its officers and directors violated federal securities laws by making false or misleading statements about its employee culture, attrition rates and Glassdoor ratings.

Who can file a TaskUs claim?

The settlement class includes all persons or entities who:

• Purchased or otherwise acquired TaskUs Class A common stock between June 11, 2021, and Jan. 19, 2022, and suffered damages
• Purchased or otherwise acquired TaskUs Class A common stock pursuant and/or traceable to the IPO registration statement or secondary offering registration statement and suffered damages

Both individuals and organizations are eligible, including those who bought shares through brokerage accounts or other intermediaries.

How much is the securities payment?

Pro rata payment: The total settlement fund is $17,500,000. The amount each class member receives will depend on several factors, including:

• The number of valid claims submitted
• The number of shares purchased and sold
• The dates of purchase and sale
• The price paid for the shares and the price received upon sale

How to claim a settlement payment

Class members can complete an online claim form or downloaded, print, complete and mail a PDF claim form to the settlement administrator. Claims must be submitted online or postmarked by Oct. 6, 2025.

Settlement administrator's mailing address: TaskUs Securities Litigation, Claims Administrator, c/o Epiq Class Action & Claims Solutions Inc., P.O. Box 4518, Portland, OR 97208-4518

What proof and documentation are required to submit a claim?

• All claimants must provide the last four digits of their Social Security number or taxpayer identification number, as well as their account number(s).
• All claimants must also provide documentation to support their claim. Acceptable documentation includes:
• Broker confirmations
• Stockbroker statements
• Other documents that show purchases, acquisitions and sales of TaskUs Class A common stock during the relevant period

Payout options

• Paper check

$17.5 million stockholder settlement fund breakdown

The $17,500,000 settlement fund covers:

• Settlement administration costs: Up to $100,000
• Attorneys' fees: Up to $5,250,000
• Attorneys' expenses: Up to $980,000
• Service awards to class representatives: Up to $17,000 each
• Payments to eligible class members: The remainder of the fund

Important dates

• Exclusion deadline: Aug. 21, 2025
• Claim deadline: Oct. 6, 2025
• Final approval hearing: Oct. 16, 2025

When is the TaskUs settlement payout date?

Payments will be made after the court grants final approval of the settlement and any appeals are resolved.

Why did this class action settlement happen?

The class action lawsuit alleged TaskUs Inc. and other defendants violated federal securities laws by making false or misleading statements regarding the company's employee culture, attrition rates and Glassdoor ratings. The plaintiffs claimed these misrepresentations caused damages to investors who purchased TaskUs Class A common stock during the relevant period.

TaskUs denied all wrongdoing and liability, but both sides agreed to settle to avoid the cost, risk and uncertainty of continued litigation and trial.

Sources

1. Class notice
2. Settlement agreement
3. Settlement FAQ