CRM Salesforce, Inc.

BULLISH Impact: 6/10 COURT-RULING
Horizon weeks Filed Jan 26, 2026 Processed 13d 23h ago Court View Ruling on CourtListener
Court ruling (district)
Final — all horizons settled through T+60d
CRM ▼ -17.24% at T+60d
LONG call ✗ call lost -17.24% · α vs SPY -19.91% · entry $229.23 → $189.72
Last close $165.89 (close Jun 12) · -27.63% from $229.23 entry
Entry anchored
Jan 23, 04:14 PM ET
via Databento tick
T+1d
-0.34%
call -0.34% · α -0.74%
$228.45
settled 5mo ago
T+5d
-8.11%
call -8.11% · α -8.50%
$210.65
settled 5mo ago
T+20d
-19.09%
call -19.09% · α -18.32%
$185.46
settled 4mo ago
T+60d
-17.24%
call -17.24% · α -19.91%
$189.72
settled 8w ago

Price Chart

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Executive Summary

The Judicial Panel on Multidistrict Litigation denied the motion to centralize all Salesforce-customer data breach lawsuits into a single multi-defendant MDL (MDL No. 3164), finding that the breaches involved distinct social engineering attacks on individual customers rather than a common Salesforce platform vulnerability. The Panel granted a separate TransUnion-specific MDL (MDL No. 3170) in the Northern District of Illinois. Salesforce itself was not found liable for any breach, and the decision keeps litigation decentralized, reducing Salesforce's direct litigation risk and discovery burden.

Court Ruling Details

Ruling Date
Jan 26, 2026
Court
United States Judicial Panel on Multidistrict Litigation
Court Level
District
Judge
Karen K. Caldwell (Chair)
Case Type
other
Ruling Type
procedural
Outcome
WIN — ruling favors this company
Will It Be Appealed?
N/A (final)
Precedent Risk
LOW

Actionable Insight

This ruling removes the risk of a sprawling, consolidated MDL that could have amplified plaintiff leverage against Salesforce. With litigation remaining decentralized across individual customer-defendant venues, Salesforce's direct exposure is limited. Monitor for any future discovery orders that may compel Salesforce participation, but the near-term litigation overhang has materially decreased.

Key Facts

  • Motion to centralize 41+ Salesforce customer data breach actions into a single MDL (MDL No. 3164) was DENIED.
  • Panel found each breach involved a social engineering attack directly on a Salesforce customer, not an exploit of Salesforce itself.
  • Salesforce opposed the multi-defendant MDL and preferred the status quo.
  • A separate TransUnion-specific MDL (MDL No. 3170) was GRANTED and transferred to the Northern District of Illinois.
  • Claims against non-TransUnion defendants (including Salesforce) in the TransUnion MDL were not separated or remanded, but the transferee judge may manage them.
  • No damages were awarded or pleaded in this ruling — it is a procedural transfer order.

Financial Impact

No financial exposure quantified in the ruling. The denial of a broad MDL reduces Salesforce's potential discovery burden and litigation coordination costs.

legal_expenseslitigation_risk

Risk Factors

  • Some actions in the TransUnion MDL (Schedule B) still name Salesforce as a co-defendant, and the transferee judge may order discovery involving Salesforce.
  • Individual customer-defendant cases may still seek third-party discovery from Salesforce, though the Panel noted this can be handled informally.
  • Future rulings on class certification or liability in any customer-specific case could create indirect pressure on Salesforce.

Market Snapshot

Price
$191.10
Change
+8.5%
Volume
33.9M
Exchange
NYSE
Sector
Services-Prepackaged Software
Analyst Consensus
74% bullish (58 analysts)

Documents Analyzed

This report is based on 1 court opinion from CourtListener.

DocumentAccession Number
COURT-RULING Data (Synthetic)court-gfjsin6k-CRM
11 reports for CRM
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for CRM — sortable, filterable
Type Now
Jun 1, 2026
13d ago
8-K
NEUTRAL ★ 3/10
$200.85 $190.68▼ −5.06%▼ −4.34%$165.89 (−17.40%)
May 31, 2026
14d ago
ANALYST-UPGRADE
NEUTRAL ★ 3/10
$242.33 $243.86▲ +0.63%▲ +0.66%$165.89 (−31.54%)
May 27, 2026
18d ago
8-K
BULLISH ★ 7/10
$176.17 $191.10▲ +8.47%▲ +8.24%$165.89 (−5.84%)
May 1, 2026
6w ago
ANALYST-UPGRADE
NEUTRAL ★ 3/10
$242.33 $243.86▲ +0.63%▲ +0.66%$165.89 (−31.54%)
Apr 16, 2026
8w ago
DEFA14A
NEUTRAL ★ 2/10
$181.95 $186.22▲ +2.35%▲ +2.54%$165.89 (−8.83%)
Apr 8, 2026
9w ago
Court Ruling
BULLISH ★ 5/10
$176.26 $170.80▼ −3.10%▼ −3.67%$165.89 (−5.88%)
Apr 2, 2026
10w ago
Court Ruling
NEUTRAL ★ 2/10
$186.90 $184.91▼ −1.07%▼ −1.54%$165.89 (−11.24%)
Mar 18, 2026
12w ago
Insider Cluster
NEUTRAL ★ 3/10
$194.23 $194.90▲ +0.34%▲ +0.61%$165.89 (−14.59%)
Mar 18, 2026
12w ago
Insider Cluster
NEUTRAL ★ 4/10
$194.23 $194.90▲ +0.34%▲ +0.61%$165.89 (−14.59%)
Feb 28, 2026
15w ago
Institutional Cluster
MIXED ★ 7/10
$192.79 $195.94▲ +1.63%▲ +2.55%$165.89 (−13.95%)
Showing 10 of 11

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