Published
August 24, 2026
This settlement resolves claims that Kornit Digital, an Israeli maker of commercial textile printers, misled investors about its business before its share price fell in 2022. If you bought KRNT ordinary shares between February 17, 2021 and July 5, 2022, or in the November 2021 secondary offering, you can file against a $19.5 million fund — but you will need your brokerage records, and the deadline is December 10, 2026.
Current Status
Claims are open. The deadline to submit a Claim Form online or by postmark is December 10, 2026. The court granted preliminary approval on July 21, 2026, and the Settlement Hearing is scheduled for November 18, 2026 at 3:00 p.m. Eastern Time before Judge Madeline Cox Arleo in the District of New Jersey. Final approval has not been granted, and no payment date has been announced — under the settlement terms, payments are made only after the court approves the settlement and a plan of allocation, after any appeals are resolved, and after all claims processing is complete. If you want to opt out or object rather than file, that deadline is earlier: October 28, 2026.
Status
Claims Open
Preliminary approval granted July 21, 2026
Claim Deadline
December 10, 2026
Postmarked or submitted online · opt-out and objection deadline is October 28, 2026
Estimated Payout
$0.53 per eligible share
Estimate from the notice, before court-approved fees and expenses · $19,500,000 fund
Proof Required
Yes
Trade confirmations, account statements, or a broker's authorized statement for every transaction listed
What Changed Recently?
The settlement is newly open to claims. The parties reached agreement after a private mediation before Jed D. Melnick of JAMS: an in-person session on April 7, 2026 did not resolve the case, but negotiations continued through the mediator, who recommended a $19.5 million resolution that the parties accepted on April 28, 2026. A Stipulation and Agreement of Settlement followed on July 2, 2026, and the court preliminarily approved it on July 21, 2026, authorizing notice to go out to potential class members. The long-form notice is dated August 12, 2026.Kornit and the two executive defendants have denied the claims asserted against them and deny that the settlement class was harmed or suffered any damages from the conduct alleged. They agreed to settle solely to eliminate the burden and expense of continued litigation, and the settlement may not be construed as an admission of wrongdoing. No court has found any defendant liable.
What the Case Alleged
Kornit Digital Ltd. is an Israel-based company that manufactures and sells commercial textile printers along with the ink and supplies used to run them. Its ordinary shares trade on the NASDAQ under the ticker KRNT.The lead plaintiffs alleged that Kornit and two of its executives during the relevant period — Chief Executive Officer Ronen Samuel and Chief Financial Officer Alon Rozner — made material misrepresentations and omissions about the company's business and operations, and that those statements inflated the share price until the truth emerged through disclosures on May 11, 2022 and July 5, 2022. The operative complaint asserted claims under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, Section 20(a) of the Exchange Act against the individual defendants, and Sections 11, 12(a)(2) and 15 of the Securities Act of 1933.
The litigation did not go smoothly for either side. The court dismissed an earlier complaint without prejudice in August 2024. On September 4, 2025, ruling on a motion to dismiss the amended complaint, the court granted the motion in part and denied it in part — allowing the case to proceed on five statements while dismissing more than 90% of the alleged misstatements and all of the Securities Act claims. The notice states that the court described certain of the surviving statements as a "close call." A defense motion for judgment on the pleadings, which the notice says could have shortened the class period by nearly a year if granted, was still pending when the settlement was reached.
The defendants' position, as summarized in the notice, is that they made no false or misleading statements about the length or mandatory nature of Kornit's service contracts, the health of the business, the revenue "pull-forward," or demand for the company's products; that they did not act with fraudulent intent; and that the plaintiffs could not establish loss causation or damages. The notice also states that the recovery available to the class faced pressure from a practical direction: the defendants' remaining insurance was being consumed by the ongoing litigation.
Who Qualifies?
The settlement class consists of all persons and entities who purchased or otherwise acquired Kornit ordinary shares either during the class period from February 17, 2021 through July 5, 2022, inclusive, or pursuant and traceable to Kornit's secondary offering of ordinary shares in November 2021.Ordinary shares are the only eligible security. Option contracts do not qualify; where shares were bought or sold by exercising an option, the exercise date and exercise price govern.
Excluded from the class are the defendants; the immediate family members of the individual defendants; the former underwriter defendants (Citigroup Global Markets, Barclays Capital, Goldman Sachs & Co. and Morgan Stanley & Co.); subsidiaries and affiliates of Kornit and those underwriters; any officer, director or controlling person of Kornit; entities in which a defendant or former underwriter defendant holds a controlling interest; the defendants' directors' and officers' liability insurance carriers and their affiliates; the former Amazon defendants (Amazon.com NV Investment Holdings LLC and Amazon.com, Inc.); and the legal representatives, heirs, successors or assigns of any excluded party. Investment companies and pooled funds in which a former underwriter defendant holds only a minority or non-controlling interest are not excluded.
One caution the notice states directly: receiving the mailed postcard notice does not by itself mean you are a class member or that you will be entitled to any settlement proceeds.
Shares held through an ERISA retirement or benefit plan should not be included on an individual claim form — only shares bought outside such a plan. Claims for a plan's own purchases may be made by the plan's trustees.
How Much Can You Get?
The notice puts the estimated average recovery at approximately $0.53 per eligible share, before deduction of court-approved fees, expenses and costs. That figure is an estimate built on the damages expert's assumptions about how many shares were affected and on the assumption that every class member participates. Individual recoveries will differ depending on when shares were bought and sold, at what prices, and how many valid claims are ultimately submitted. If the court approves the fee and expense application in full, the notice estimates the average cost at approximately $0.13 per affected share.The $19,500,000 is paid into escrow and, with interest, forms the Settlement Fund. The Net Settlement Fund is what remains after taxes on fund income, notice and administration costs, court-approved attorneys' fees, court-approved litigation expenses, and any other costs the court approves. Lead counsel will ask for fees of no more than 22% of the fund and litigation expenses of no more than $350,000. Class members are not personally liable for any of those amounts, and none of the fund reverts to the defendants once the approval order becomes final.
The proposed Plan of Allocation does not pay a flat amount per share. It assigns each purchase a Recognized Loss Amount based on estimated artificial inflation, and the decisive factor is whether you held shares through one of the two alleged corrective disclosure dates:
- Sold before the close of trading on May 10, 2022: the Recognized Loss Amount is $0.00, regardless of when the shares were bought during the class period.
- Bought February 17, 2021 – February 14, 2022 and held past July 5, 2022: a maximum Recognized Loss Amount of $1.24 per share, which the notice explains is 15% of the $8.28 of inflation removed on July 6, 2022 — a reduction reflecting the added liability and loss-causation difficulties affecting that earlier stretch of the class period.
- Bought February 17, 2021 – February 14, 2022 and sold May 11 – July 5, 2022: a maximum of $0.25 per share.
- Bought February 15, 2022 – July 5, 2022: calculations run off a per-day artificial inflation table — $20.21 per share for purchases from February 15 through May 10, 2022, and $8.28 for purchases from May 11 through July 5, 2022.
Several mechanics can reduce a claim further. Purchases and sales are matched First In, First Out. Shares still held at the close of trading on October 3, 2022 are capped by the purchase price minus $28.67, the mean closing price across the statutory look-back window. Short sales carry a Recognized Loss Amount of zero. And if your overall class period trading in Kornit produced a market gain rather than a market loss, your Recognized Claim is zero; if you had a market loss smaller than your Recognized Claim, the claim is capped at that loss.
The Net Settlement Fund is then divided pro rata by the relative size of each authorized claimant's Recognized Claim. If a prorated payment calculates to less than $10.00, no distribution is made and those funds go to claimants receiving $10.00 or more. Approval of the settlement is independent of approval of the allocation plan, and the court may modify the plan without further notice.
What Proof Is Required?
This is a documentation-heavy claim, not a click-through. You must submit genuine and sufficient records for every transaction and holding you list — copies of trade confirmations, account statements, or an authorized statement from your broker or financial institution containing the same transactional and holding information. The parties and the claims administrator do not independently have records of your Kornit trades. If you no longer hold the documents, request copies from your broker; failure to supply them may result in rejection of the claim. Do not send originals, and do not highlight any part of the form or the supporting documents.The claim form asks for five things: shares held at the opening of trading on February 17, 2021; every purchase or acquisition from February 17, 2021 through July 5, 2022; total purchases from July 6, 2022 through October 3, 2022; every sale from February 17, 2021 through October 3, 2022; and shares held at the close of trading on October 3, 2022.
That post-class-period window is the PSLRA's 90-day look-back period. Shares bought in it are not eligible, but the administrator needs the data to calculate your Recognized Loss Amount, and the notice warns that failing to report transaction and holding information for the requested periods may result in rejection.
File one claim form per separate legal entity or separately managed account — an individual should not combine IRA transactions with transactions held in their own name. The beneficial owner signs, not the record owner, and all joint owners must sign. Agents, executors, trustees and guardians must state the capacity in which they act and provide evidence of their authority. Claimants with large numbers of transactions may be asked to submit their data as an electronic file in the administrator's required format.
What Are the Deadlines?
Three dates matter, and they are not the same:- December 10, 2026 — claim deadline. Claim forms must be postmarked if mailed, or submitted online, no later than this date. A class member who misses it is barred from receiving payment but remains bound by the settlement and its releases.
- October 28, 2026 — exclusion and objection deadline. A written request for exclusion must be received by this date, and it must state your Kornit holdings as of the opening of trading on February 17, 2021 along with the date, share count and price of each purchase and sale through July 5, 2022. Written objections, and any notice of intention to appear at the hearing, must also be received by this date.
- November 18, 2026 at 3:00 p.m. Eastern Time — Settlement Hearing. Class members do not need to attend, and can participate in the settlement without attending.
The notice states that the hearing date and time may change without further written notice to the class, and that the court may allow remote appearances, so anyone planning to attend should check the official website or the court's docket first.
How Do You File?
Claims are submitted through the secure online portal on the official settlement website, Kornit Securities Litigation.com, or by mailing the completed Proof of Claim and Release Form with supporting documentation to the claims administrator, JND Legal Administration. The claim form and the long-form notice can both be downloaded from the site's Important Documents page.Filing is free. Signing the form certifies, under penalty of perjury, that the information is true and the documents genuine, and false statements or forged documentation will result in rejection and may carry civil or criminal consequences.
One procedural detail worth noting: a claim is not treated as submitted until you receive an acknowledgment. The administrator says it will acknowledge receipt of a claim form by mail within 60 days. If nothing arrives in that window, follow up through the official website rather than assuming the claim landed.
If you held Kornit shares during the class period for someone else's benefit — as a broker, nominee or other record holder — the notice imposes a seven-day turnaround to either request postcard notices to forward to beneficial owners or supply their names and addresses to the administrator, with documented reasonable expenses payable from the fund.
What Happens Next?
The court will consider at the November 18, 2026 hearing whether the settlement is fair, reasonable and adequate; whether to certify the settlement class; whether the Plan of Allocation should be approved; and whether to grant lead counsel's motion for fees and expenses. The court may rule at or after the hearing without further notice to the class.No payment date has been announced. Under the settlement, the Net Settlement Fund is not distributed until the court has approved both the settlement and a plan of allocation and the time for any rehearing petition, appeal or review has expired — so an appeal by an objector would extend the timeline, as would the claims processing itself, which the notice describes as taking substantial time. Kornit also retains the right to terminate the settlement if valid exclusion requests exceed a threshold the parties agreed to privately.
Roughly six months after the initial distribution, if it is cost-effective, the administrator may redistribute funds left over from uncashed checks to claimants who cashed theirs and would receive at least $10.00. When further redistribution stops being cost-effective, any remaining balance goes to one or more non-sectarian 501(c)(3) organizations selected by lead counsel and approved by the court.
Class Action Summary
| Case Title | In re Kornit Digital Ltd. Securities Litigation |
|---|---|
| Case Number | 2:23-cv-00888-MCA-AME |
| Court | U.S. District Court, District of New Jersey |
| Judge | Hon. Madeline Cox Arleo |
| Settlement Fund | $19,500,000 |
| Eligible Security | Kornit ordinary shares (NASDAQ: KRNT) |
| Class Period | February 17, 2021 – July 5, 2022, and the November 2021 secondary offering |
| Claim Deadline | December 10, 2026 |
| Opt-Out / Object By | October 28, 2026 |
| Settlement Hearing | November 18, 2026 at 3:00 p.m. Eastern |
| Administrator | JND Legal Administration |
| Lead Counsel | Bernstein Litowitz Berger & Grossmann LLP |
| Official Website | Kornit Securities Litigation.com |
Sources and Verification
• Official settlement website — Kornit Securities Litigation.com• Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses, dated August 12, 2026, including Appendix A (Plan of Allocation)
• Proof of Claim and Release Form and the settlement website's FAQ and Key Dates pages
• In re Kornit Digital Ltd. Securities Litigation, Master File No. 2:23-cv-00888-MCA-AME (D.N.J.) — Stipulation and Agreement of Settlement dated July 2, 2026; order granting preliminary approval, July 21, 2026
Questions
Do I need my old brokerage statements to file a Kornit claim?
Yes. The claim form requires genuine supporting documentation for every transaction and holding you list, such as trade confirmations, account statements, or an authorized statement from your broker containing the same transactional and holding information. The parties and the claims administrator do not independently have records of your Kornit trades, so if you no longer have the documents you need to request them from your broker. Failure to supply the documentation may result in rejection of the claim.
Why does the claim form ask about trades after the class period ended?
The Private Securities Litigation Reform Act imposes a 90-day look-back period, which here runs from July 6, 2022 through October 3, 2022. The administrator needs your purchases, acquisitions, and sales during that window to calculate your Recognized Loss Amount, even though shares bought in that period are not themselves eligible. The mean closing price over the look-back period was $28.67 per share.
I bought Kornit shares during the class period but sold before May 2022. Do I recover anything?
Under the proposed Plan of Allocation, shares sold before the close of trading on May 10, 2022 have a Recognized Loss Amount of $0.00. The plan is built on the premise that a claimant must have held shares through at least one of the two alleged corrective disclosure dates to have a recoverable loss. Filing is still permitted, but a claim consisting only of shares sold before that date would calculate to zero.
What happens if my calculated payment is very small?
If an authorized claimant's prorated distribution calculates to less than $10.00, no distribution will be made to that claimant and those funds are included in the distribution to claimants receiving $10.00 or more. A claimant whose overall class period trading produced a market gain rather than a market loss has a Recognized Claim of zero.
What happens if I do nothing at all?
You remain a settlement class member and receive no payment, and you still give up the right to sue over the claims resolved by the settlement. Doing nothing is not the same as opting out. Only a written request for exclusion received by October 28, 2026 preserves your right to pursue claims individually, and excluding yourself may leave you time barred by a statute of limitations or repose.
Official Settlement Notice
For more class actions keep scrolling below.
Settlement Amount
$19,500,000
Case Title
In re Kornit Digital Ltd. Securities Litigation
Case Number
2:23-cv-00888-MCA-AME
Court
U.S. District Court, District of New Jersey
Final Approval Hearing
November 18, 2026 at 3:00 PM ET
Hon. Madeline Cox Arleo · date and time may change
Administrator
JND Legal Administration
Official Website
Kornit Securities Litigation.com
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