Securities

Edgio (LLNW/EGIO) Securities Settlement

Settlement Amount
$15,000,000

Claim Deadline
September 28, 2026

Total Fund
$15,000,000

Former Limelight Networks / Edgio executives have agreed to a $15 million all-cash securities settlement covering purchases of LLNW or EGIO common stock from February 12, 2021 through March 10, 2023. Payments are pro rata under a Plan of Allocation — brokerage records required. Claim deadline: September 28, 2026.

Do I Qualify?

You may be eligible if:

You purchased or otherwise acquired Limelight Networks (LLNW) or Edgio (EGIO) common stock between February 12, 2021 and March 10, 2023, inclusive
You are the beneficial purchaser/acquirer (or legal representative), not a brokerage nominee
You are not an excluded party under the Settlement Agreement
You can provide broker confirmations or statements for your transactions
You submit a valid Proof of Claim by September 28, 2026

Brokerage documentation required. Attach broker confirmations or account statements covering LLNW/EGIO purchases and sales from February 12, 2021 through June 9, 2023, plus shares held at close of trading on February 11, 2021 and June 9, 2023. File the Proof of Claim online or by mail with A.B. Data, Ltd. at EdgioSecuritiesLitigation.com.

File your claim through the official settlement website at edgiosecuritieslitigation.com before September 28, 2026.

File Your Claim →

What Happened?

In Peter Frouws, et al. v. Lyons, et al., No. 2:23-cv-00691-PHX-DJH (U.S. District Court, District of Arizona), lead plaintiff alleged that former CEO Robert Lyons and former CFOs Daniel Boncel and Stephen Cumming violated Sections 10(b) and 20(a) of the Securities Exchange Act and Rule 10b-5.

The complaint alleged materially false or misleading statements and omissions about Edgio's performance, growth, sales pipeline, business strategy, internal financial controls, and revenue, which allegedly kept the stock artificially inflated until the truth emerged.

Limelight Networks renamed itself Edgio in June 2022; the ticker changed from LLNW to EGIO. Both tickers are covered by the class. Defendants deny all wrongdoing.

The $15,000,000 cash settlement will be distributed pro rata based on Recognized Loss under a court-approved Plan of Allocation after fees, costs, and administration expenses. Settlement hearing: September 14, 2026 before Judge Diane J. Humetewa.

How to File Your Claim

Submit a Proof of Claim and Release Form online or by mail to claims administrator A.B. Data, Ltd., with broker confirmations or statements documenting your LLNW/EGIO transactions from Feb 12, 2021 through June 9, 2023. Deadline Sept 28, 2026.
Visit the official claim form: https://www.edgiosecuritieslitigation.com/

How Much Will I Actually Get?

Pro rata share of a $15,000,000 all-cash fund based on Recognized Loss under a court-approved Plan of Allocation. No fixed per-share amount.

Last reviewed: July 17, 2026 | Information verified from court records and official settlement documents.

Frequently Asked Questions

Who qualifies for the Edgio (LLNW/EGIO) securities settlement?

You may qualify if you purchased or otherwise acquired Limelight Networks (ticker LLNW) or Edgio (ticker EGIO) common stock between February 12, 2021 and March 10, 2023, inclusive, and are not an excluded party. Limelight renamed itself Edgio in June 2022 — both tickers are covered.

How much is the Edgio settlement and how are payments calculated?

The settlement creates a $15,000,000 all-cash fund. After court-approved attorneys' fees, litigation expenses, any service award, taxes, and administration costs, the net fund is paid pro rata based on each claimant's Recognized Loss under a court-approved Plan of Allocation. There is no fixed per-share amount.

What is the Edgio securities settlement claim deadline?

Proof of Claim forms must be submitted online or postmarked by September 28, 2026. The deadline to opt out or object is August 28, 2026. The settlement hearing is September 14, 2026 before Judge Diane J. Humetewa in the U.S. District Court for the District of Arizona (Case No. 2:23-cv-00691-PHX-DJH).

What proof do I need for the Edgio securities claim?

You must attach broker confirmations or account statements documenting your LLNW/EGIO common stock transactions. The claim form asks for purchases and sales from February 12, 2021 through June 9, 2023, plus shares held at the close of trading on February 11, 2021 and June 9, 2023. Incomplete schedules can delay or reject a claim.