SAN FRANCISCO, CA / ACCESSWIRE / April 22, 2019 / Hagens Berman Sobol Shapiro LLP, with offices in 9 cities around the country and 80 attorneys reminds investors in Nutanix, Inc. (NASDAQ: NTNX) of the pending securities class action alleging disclosure violations of the Federal securities laws.
If you purchased or otherwise acquired Nutanix securities between March 2, 2018 and February 28, 2019 (the ''class period'') and suffered substantial losses (in excess of $100,000), you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.
If you wish to serve as lead plaintiff in this class action, you must move the Court no later than May 28, 2019 (the ''Lead Plaintiff deadline''). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:
https://www.hbsslaw.com/cases/NTNX
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
According to the complaint, Defendants misled investors throughout the class period by stating Nutanix was investing heavily in growth while maintaining high profit margins. Then, on February 28, 2019, Nutanix and senior management issued weak financial guidance and blamed it on inadequate marketing spend for pipeline generation.
This news drove the price of Nutanix shares sharply lower on March 1, 2019.
''We're focused on investors' losses, Defendants statements about investing in sales and marketing, and on the extent to which Defendants may have misled investors,'' said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Nutanix should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80 attorneys in 9 offices across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
SOURCE: Hagens Berman Sobol Shapiro LLP