On December 4, 2025, Judge John Cronan granted final approval of a $17.5 million class action settlement in a securities litigation against TaskUs, Inc.
The case alleged violations of the Securities Act of 1933 and the Securities Exchange Act of 1934; from June 11, 2021 to January 19, 2022, and in the offering documents for TaskUs’s June 2021 IPO and October 2021 secondary public offering, Defendants made false and misleading statements touting TaskUs’s low employee attrition rate and its industry-leading Glassdoor rating. The statements were misleading because, in truth, TaskUs experienced high attrition rates across its workforce and required new hires to submit Glassdoor reviews during training, before they experienced the disappointing reality of working at TaskUs.
After securing extensive document discovery, and completing 13 fact depositions and three expert depositions, BFA obtained final approval of the settlement for the plaintiffs and putative class.