STOCK TITAN
  1. Home
  2. Sec-filings
  3. VEEV
  4. [8-K] Veeva Systems Inc. Reports Material Event

Veeva (NYSE: VEEV) ends IQVIA dispute with no damages, $31M fees

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Veeva Systems Inc. entered into a settlement agreement with IQVIA Inc. that resolves all ongoing litigations between the two companies that began in 2017. Under the settlement, neither party will pay damages to the other, and both sides will dismiss with prejudice all pending claims and counterclaims, meaning the disputes cannot be refiled. In connection with the settlement, Veeva and IQVIA also signed agreements to let each other access certain data and software to support products and services for mutual customers. Veeva expects to make a one-time payment of approximately $31 million to law firms under previously disclosed outcome-based fee arrangements related to these litigations.

Positive

  • None.

Negative

  • None.

Insights

Veeva ends IQVIA litigation with no damages but incurs a $31M legal fee.

Veeva Systems Inc. and IQVIA Inc. have reached a settlement that ends all ongoing litigation between them dating back to 2017. All claims and counterclaims will be dismissed with prejudice, closing a long-running legal dispute without either party paying damages to the other.

The companies also entered agreements to allow access to each other’s data and software to support offerings for mutual customers, formalizing a cooperative framework alongside the dispute’s resolution. Veeva will make a one-time payment of approximately $31 million to its law firms under outcome-based fee arrangements connected to these cases, representing a discrete cash outflow tied to finalizing the settlement.

From an investor perspective, the settlement removes uncertainty from prolonged litigation while substituting it with a clearly defined legal cost. Future financial disclosures may clarify how the $31 million payment is reflected in expenses and cash flows following the settlement date.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
False000139305200013930522025-08-132025-08-13

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________________________________________________________
FORM 8-K
_____________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 13, 2025
_____________________________________________________________________________
Veeva logo 1 for sec.jpg
Veeva Systems Inc.
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________
Delaware
001-36121
20-8235463
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

4280 Hacienda Drive
Pleasanton, California 94588
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (925) 452-6500
Not Applicable
(Former name or former address, if changed since last report)
_____________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock,
par value $0.00001 per share		VEEVNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 7.01.    Regulation FD Disclosure.

On August 13, 2025, Veeva Systems Inc., a Delaware public benefit corporation (“Veeva”), entered into a settlement agreement with IQVIA Inc. (“IQVIA”) that resolves all ongoing litigations between Veeva and IQVIA (the “Settlement Agreement”). As previously disclosed, Veeva and IQVIA have been involved in litigation since 2017. Under the terms of the Settlement Agreement, neither party will pay damages to the other party and both parties agree to dismiss with prejudice all claims and counterclaims currently pending. In connection with the Settlement Agreement, the parties have also entered into certain agreements to facilitate access to each other’s data and software to provide certain products and services to mutual customers. Pursuant to previously disclosed, outcome-based fee arrangements with certain law firms that represented us in our litigations with IQVIA, we will be making a one-time payment of approximately $31 million to such law firms in connection with settlement of the litigations.

The information in this Item 7.01 and Exhibit 99.1 attached to this Current Report on Form 8-K is being furnished under Item 7.01 of Form 8-K. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01.    Financial Statements and Exhibits.
(d)    Exhibits.
Exhibit No.Description
99.1
Press Release, dated August 18, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Veeva Systems Inc.
By:/s/ Josh Faddis
Josh Faddis
Senior Vice President, General Counsel
Dated: August 18, 2025


Source: View Original Filing on SEC EDGAR

FAQ

What did Veeva Systems Inc. (VEEV) announce regarding IQVIA?

Veeva Systems Inc. announced a settlement agreement with IQVIA Inc. that resolves all ongoing litigations between the two companies, with all claims and counterclaims dismissed with prejudice.

Does the Veeva–IQVIA settlement involve any damages payments?

Under the terms of the settlement, neither Veeva nor IQVIA will pay damages to the other party, and the disputes will be fully dismissed with prejudice.

How much will Veeva pay in connection with the IQVIA settlement?

Veeva expects to make a one-time payment of approximately $31 million to certain law firms under previously disclosed outcome-based fee arrangements related to the litigations.

What new business arrangements are included in the Veeva–IQVIA settlement?

As part of the settlement, Veeva and IQVIA entered into agreements to facilitate access to each other’s data and software to provide certain products and services to mutual customers.

How long had Veeva and IQVIA been in litigation before this settlement?

Veeva and IQVIA had been involved in litigation since 2017, and this settlement brings those multi-year disputes to an end.

Is the Veeva settlement information considered filed or furnished under securities laws?

The information about the settlement is being furnished under Regulation FD and Item 7.01 and is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934.