Pluralsight, Inc. is an American online education company that offers video training courses for software developers, IT administrators, and creative professionals through its website.

According to the Complaint, Pluralsight utilizes a subscription-based business model known as “software as a service” (“SaaS”), whereby the Company’s software is licensed to users on a subscription basis. Pluralsight generates substantially all of its revenue based on these subscriptions. To drive revenue growth, Pluralsight relies on its large direct sales force which sells subscriptions to business and enterprise users. Pluralsight utilizes a metric known as “billings” as a primary measure of growth, which it defines as total revenue for a period, plus the change in deferred revenue based on the subscription period.

The Complaint alleges that throughout the Class Period, Pluralsight misrepresented the Company’s business outlook, particularly related to the Company’s sales force and its ability to generate strong growth in billings. Specifically, the Complaint alleges that the Company failed to disclose that Pluralsight was experiencing substantial delays in hiring and properly training the sales force necessary to meet its lofty billing projections.

On October 24, 2019, the Court issued an Order granting Defendant's Motion to Transfer the case to the District of Utah. The case was docketed under 19-CV-00128 in the District of Utah.

On March 25, 2020, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on June 3 and corrected the amended Complaint on June 9. On August 14, Defendants filed Motions to Dismiss the amended Complaint. On March 31, 2021, the Court issued an Order granting Defendants' Motions to Dismiss and dismissed the claims without prejudice. Lead Plaintiffs filed a notice appealing the Court's Dismissal Order on April 28.

For purposes of appeal, on July 6, 2021, the parties filed a stipulation agreeing that all claims in the amended Complaint are dismissed with prejudice. On August 2, the Court issued an Order of Dismissal with prejudice and entered Final Judgment.

On September 14, 2022, the Court of Appeals reversed in part the District Court's Dismissal of the Complaint and remanded for further proceedings.

Lead Plaintiffs filed a second amended Complaint on November 4, 2022.

Lead Plaintiffs filed a Motion for Class Certification on March 3, 2023. On December 27, the Court issued an Order granting the Class Certification Motion.

On May 1, 2024, the parties entered into a Stipulation and Agreement of Settlement. The Court granted preliminary approval of the Settlement on August 2.