NEW ORLEANS–(BUSINESS WIRE)–ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until May 28, 2019 to
file lead plaintiff applications in a securities class action lawsuit
against Nutanix, Inc. (NasdaqGS: NTNX), if they purchased the Company’s
shares between March 2, 2018 and February 28, 2019, inclusive (the
“Class Period”). This action is pending in the United States District
Court for the Northern District of California.
Get Help
Nutanix investors should visit us at https://www.claimsfiler.com/cases/view-nutanix-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
Nutanix and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On February 28, 2019, the Company disclosed 2Q 2019 financial results
and 3Q guidance below analysts’ expectations due to “inadequate
marketing spend for pipeline generation and slower than expected sales
hiring,” which contradicted the Company’s prior statements that it was
investing heavily in growth and was increasing sales and marketing
activities while maintaining high profit margins.
On this news, the price of Nutanix’s shares plummeted.
The case is Scheller v. Nutanix, Inc. et al., No. 19-cv-01651.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. At ClaimsFiler.com, investors can:
(1) register for free to gain access to information and settlement
websites for various securities class action cases so they can timely
submit their own claims; (2) upload their portfolio transactional data
to be notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick & Foti,
LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Contacts
ClaimsFiler
Lewis Kahn, 844-367-9658
https://www.claimsfiler.com
