Guardino Vs. Nimble Storage

Faruqi & Faruqi, LLP, a national securities law firm, reminds investors in Nimble Storage, Inc. of the February 15, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Nimble Storage common stock between May 27, 2015 and November 19, 2015. The case, Guardino v. Nimble Storage, Inc. et al, No. 3:15-cv-05991 was filed on December 23, 2015, and has been assigned to Judge Susan Yvonne Illston.

The lawsuit focuses on whether the company and its executives violated federal securities laws by failing to disclose material information that Nimble Storage was being negatively impacted by intense competition from well-entrenched, large competitors who were reducing prices in order to maintain market share. In addition, Nimble Storage had made a decision to focus its sales and marketing efforts towards the large enterprises market and to reduce sales efforts in the U.S. commercial market. As a result of this change in strategy and the intense price competition, Nimble Storage lost sales in both sales channels.

On November 19, 2015, after the close of the markets, the company issued a press release announcing its disappointing fiscal third quarter financial results.

After the announcement of the company’s disappointing third quarter financial results, Nimble Storage common stock fell $10.34 per share the next day to close at $10.05 per share, a 50.71% drop, on November 20, 2015.

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Glancy Prongay & Murray Commences Investigation on Behalf of Nimble Storage InvestorsFor possible violations of federal securities laws
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The Law Offices of Vincent Wong Notify Investors of Class Action Involving Nimble Storage
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Class Action Lawsuit by Brower Piven Vs. Nimble Storage
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2015.12.25 | Press Release

Federman & Sherwood Filed of Securities Class Action Vs. Against Nimble Storage
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2015.12.24 | Press Release

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

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For issuing misleading information to investors
2015.12.21 | Press Release

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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

Another Class Action Lawsuit Vs. Nimble Storage
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