The Law Offices of Vincent Wong Notify Investors of Class Action Involving Nimble Storage

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Nimble Storage, Inc. securities between May 27, 2015 and November 19, 2015.

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 channels.