Labaton Keller Sucharow is Co-Lead Counsel in a stockholder class action brought by Plaintiffs Juniper International LLC and Yao Hai, on behalf of themselves and all other similarly situated stockholders of Eventbrite, Inc.

On January 12, 2026, Plaintiffs Juniper International LLC and Yao Hai, on behalf of themselves and all other similarly situated stockholders of Eventbrite, filed their complaint (the Complaint) in the Delaware Court of Chancery (the Court), styled Juniper International LLC v. Eventbrite, Inc., et al., C.A. No. 2026-0045-PAF (Del. Ch.) (the Action).  In connection with Eventbrite, Inc. (Eventbrite or the Company) being acquired by Bending Spoons US Inc. (Bending Spoons) for $4.50 per share in cash (the Merger), Plaintiffs alleged that a voting agreement entered into by the Company’s founder and Chief Executive Officer, Julia Hartz, and her affiliates, her husband (Kevin Hartz), and trust entities benefitting her and her husband (collectively, the Hartz Parties) with Bending Spoons triggered the automatic conversion of the Hartz Parties’ high-vote Class B shares into single-vote Class A shares (the Alleged Automatic Conversion). 

On March 6, 2026, the Court entered an Order pursuant to which all of Plaintiffs’ claims asserted in the Complaint were dismissed as described therein (the Dismissal Order).  The Dismissal Order was entered by the Court without a finding of wrongdoing by the Defendants and, although Defendants disputed all of Plaintiffs’ allegations and believed them to be without merit, Defendants believed entering into the Disclosure Stipulation (referenced below) and Dismissal Order would avoid unnecessary litigation and was in the best interest of the Company and its stockholders.

The Dismissal Order followed a stipulation entered by the parties on January 28, 2026, (the Disclosure Stipulation), which provided, among other things, that if the Merger was approved at the Special Meeting (as defined below) by the affirmative vote of a majority of the voting power of the Company’s outstanding shares entitled to vote at such meeting, as tabulated by assuming Plaintiffs’ Alleged Automatic Conversion (as defined in the Disclosure Stipulation) occurred on December 1, 2025, then Plaintiffs would dismiss their Alleged Automatic Conversion claim as moot (and withdraw their request for injunctive relief).  On February 27, 2026, the Company held a special meeting at which the stockholders voted on the Merger (the Special Meeting).  Plaintiffs reviewed the voting results on the Merger and determined that the disclosures made by the Company and provided to Plaintiffs showed that the Merger was approved by the requisite vote of the Company’s stockholders, assuming the Alleged Automatic Conversion had occurred.

The Company, on behalf of all Defendants, subsequently agreed to pay or cause to be paid $1,375,000.00 to Plaintiffs’ counsel for attorneys’ fees and expenses in full satisfaction of the claim for attorneys’ fees and expenses in the Action.  The Court has not been asked to review, and will pass no judgment on, the payment of the attorneys’ fees and expenses or their reasonableness.

If you have any questions about the Action, please contact Ned Weinberger at nweinberger@labaton.com or Brendan W. Sullivan at bsullivan@labaton.com.