LOS ANGELES–(BUSINESS WIRE)–$PVTL #CLASSACTION–Glancy Prongay & Murray LLP (“GPM”) announces the continuation of its
investigation on behalf of Pivotal Software, Inc. (“Pivotal
Software” or the “Company”) (NYSE: PVTL)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On June 4, 2019, after the market closed, the Company conveyed its first
quarter 2019 financial and operating results, which were negatively
impacted by “sales execution and a complex technology landscape.” Also,
Wedbush Securities analyst Daniel Ives asserted in addition to the
“disastrous” operating results, that the Company’s management team,
“does not have a handle on the underlying issues negatively impacting
its sales cycles and the activity in the field which gives us concern
that this quarter will be the start of some ‘dark days ahead’ for
Pivotal (and its investors).”
On this news, the Company’s share price fell $7.65, or more than 41%, to
close at $10.89 per share on June 5, 2019, thereby injuring investors.
If you purchased Pivotal Software securities, have information, or would
like to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at
888-773-9224, or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
