Nimble Storage Investigated by Rosen Law Firm …

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Nimble Storage, Inc. common stock from May 27, 2015 through November 19, 2015, all dates inclusive.

The lawsuit seeks to recover damages for Nimble Storage investors under the federal securities laws.

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.