Investigation of Compellent By Robbins Umeda

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Compellent Technologies, Inc. Compellent develops, markets, and services enterprise-class network storage solutions in the United States and internationally. The Company was founded in 2002 and is headquartered in Eden Prairie, Minnesota.

Robbins Umeda LLP’s investigation concerns whether Compellent’s directors and officers caused the Company to issue materially improper statements about the Company’s business prospects. In particular, certain officers and directors may have made improper statements or failed to disclose information regarding the Company’s gross margins, increased competition, and slowing sales rates. The alleged material misstatements and omissions may have caused the Company’s stock to trade at artificially inflated prices, reaching as high as $24.40 per share on January 19, 2010. On April 7, 2010, Compellent announced its preliminary financial results for the first quarter of 2010. The press release disclosed that the Company would not meet its previously issued revenue guidance. Upon this news, shares of the Company’s stock fell $4.54 per share, or 26%, to close at $13.02 per share.

A lawsuit alleging violations of the Securities Exchange Act of 1934 has been filed on behalf of shareholders who purchased or otherwise acquired Compellent stock between October 28, 2009 and April 7, 2010, against the Company and certain of its officers. Securities class actions like this can potentially cause additional damage to the Company.