Another Class Action Lawsuit Vs. Nimble Storage

Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in United States District Court for the Northern District of California on behalf of all persons or entities that purchased Nimble Storage, Inc. between May 27, 2015 and November 19, 2015, inclusive.

Nimble Storage shareholders may, no later than February 16, 2016, move the Court for appointment as a lead plaintiff of the class.
 

The complaint alleges that defendants failed to disclose that:

• Nimble Storage was being negatively impacted by intense competition from well-entrenched, large competitors who were slashing prices in order to maintain market share,
• Nimble Storage had made a conscious decision to focus its sales and marketing efforts towards the large enterprises market and to reduce sales efforts in the U.S. commercial market, and
• due to this change in sales strategy and the intense price competition, Nimble Storage was losing sales in both sales channels. When the true details entered the market, the lawsuit claims that investors suffered damages.

Read also:

Investigation of Nimble Storage by Law Offices of Howard G. Smith
Insiders allegedly profit at investors’ expense
2016.01.08 | Press Release

Glancy Prongay & Murray Commences Investigation on Behalf of Nimble Storage InvestorsFor possible violations of federal securities laws
2016.01.01 | Press Release

The Law Offices of Vincent Wong Notify Investors of Class Action Involving Nimble Storage
For being negatively impacted by intense competition from well-entrenched, large competitors
2015.12.31 | Press Release

Class Action Lawsuit by Brower Piven Vs. Nimble Storage
Failing to disclose of being negatively impacted by intense competition
2015.12.25 | Press Release

Federman & Sherwood Filed of Securities Class Action Vs. Against Nimble Storage
For violations of federal securities laws
2015.12.24 | Press Release

Nimble Storage Investigated by Rosen Law Firm …
Announcing filing of class action lawsuit
2015.12.21 | Press Release

… Khang & Khang …
For issuing misleading information to investors
2015.12.21 | Press Release

… Lundin Law PC …
Related to allegations that certain statements issued by Nimble were false and misleading
2015.12.21 | Press Release

… As Well as Goldberg Law PC
Failing to disclose information
2015.12.21 | Press Release

Law Office of Brodsky & Smith Investigating Nimble Storage
2016.01.29 | Press Release