Company Directory - Zuora, Inc.
CCI Score
CCI Score: Zuora, Inc.
-8.14
Latest Event
Zuora Self-Dealing Deal Under Court Challenge
Zuora Inc. insiders orchestrated a self-dealing $1.7 billion sale to Silver Lake after sidestepping an activist investor’s bid for board influence. A court filing, dated around October 25, 2024, seeks to block the transaction and fast‐track a lawsuit regarding the company’s restrictive director nomination bylaw.
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COLLABORATOR
Zuora, Inc. is currently rated as a Collaborator.
Latest Events
- OCT252024
Zuora Inc. insiders orchestrated a self-dealing $1.7 billion sale to Silver Lake after sidestepping an activist investor’s bid for board influence. A court filing, dated around October 25, 2024, seeks to block the transaction and fast‐track a lawsuit regarding the company’s restrictive director nomination bylaw.
-80
Business Practices and Ethical Responsibility
March 28
The incident highlights a severe breach of ethical business practices. By orchestrating a self-dealing transaction that undercut an activist investor, Zuora’s insiders demonstrated a disregard for fair corporate governance and transparency, negatively impacting stakeholders.
Silver Lake's $1.7 Billion Zuora Deal Hit With Court Challenge
-60
Regulatory Capture
March 28
The restrictive provisions used to shut down activist board nominations illustrate a form of regulatory capture. This maneuver prioritizes insider interests and undermines effective oversight and accountability within the company.
Silver Lake's $1.7 Billion Zuora Deal Hit With Court Challenge
- JUN172024
On June 17, 2024, Zuora, Inc. released its FY2024 Global Impact Report outlining its commitment to reducing greenhouse gas emissions and increasing leadership diversity. The report emphasizes a people-first, sustainable approach designed to create a more equitable and accessible environment for its stakeholders.
+80
Business Practices and Ethical Responsibility
March 28
Zuora's release of its Global Impact Report highlights its commitment to ethical business practices through clear ESG goals, including GHG reduction targets and initiatives to increase leadership diversity. These efforts promote inclusivity and sustainability, aligning with anti-authoritarian values by prioritizing marginalized groups and ethical practices within the corporate framework.
- JAN162024
On January 16, 2024, the court approved a $75.5M settlement in a securities fraud class action against Zuora, Inc. The lawsuit alleged that Zuora misrepresented the integration and performance of its newly acquired RevPro software during the period of April 12, 2018 to May 30, 2019, misleading investors and contributing to significant financial harm.
-75
Business Practices and Ethical Responsibility
March 28
Zuora, Inc. engaged in unethical business practices by misrepresenting the capabilities and integration of its RevPro software, which misled investors and led to a significant securities fraud settlement. This action reflects poorly on its business ethics and accountability, undermining corporate transparency and investor trust.
- AUG112023
On August 11, 2023, a federal judge approved a $75 million settlement to resolve a class action lawsuit brought by investors alleging that Zuora misled them about issues integrating a new product. While the settlement is described as a fair resolution, the underlying allegations of misrepresentation raise concerns over the company's business practices and ethical responsibility.
-40
Business Practices and Ethical Responsibility
March 28
The case involves allegations that Zuora misled its investors regarding the integration of a new product. Although the judge approved the settlement as fair, the underlying issue of misleading communications represents a lapse in ethical and accountable business practices, which is problematic from an anti-fascist and transparent business perspective.
Zuora, Investor Class Get Judge's Approval for $75 Million Deal
- APR072021
On April 7, 2021, Zuora, Inc. announced its second $1 million stock contribution to its philanthropic arm, Zuora.org, aimed at supporting nonprofits that increase economic and educational opportunities for historically underrepresented communities. The company also appointed its first Director of Social Impact to lead these initiatives, underscoring its commitment to creating a more inclusive Subscription Economy.
+80
Business Practices and Ethical Responsibility
March 28
Zuora’s $1M stock donation to Zuora.org, administered through the Tides Foundation, directly supports social programs aimed at increasing economic opportunity for underrepresented communities. This move, along with the appointment of a Director of Social Impact, demonstrates the company's commitment to ethical business practices and social responsibility, contributing positively to marginalized groups.
Zuora Contributes Another $1 Million to Zuora.org to Increase Access to More Equitable Opportunities
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