IRVINE, CA / ACCESSWIRE / August 11, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against Tableau Software, Inc. ("Tableau" or the "Company") (NYSE: DATA). Investors who purchased or otherwise acquired shares between June 3, 2015, and February 4, 2016, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the September 26, 2017, Lead Plaintiff motion deadline.
If you purchased Tableau shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, throughout the Class Period, Tableau made false and/or misleading statements, and/or failed to disclose, that product launches and upgrades by major software competitors were negatively impacting the Company's competitive position and profitability. As a result of the above, Tableau's financial statements were materially false and misleading at all relevant times. On August 7, 2015, the Company filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015, press release. On February 4, 2016, the Company disclosed slowing revenue. In a related earnings call, the Chief Executive Officer stated that "the competitive dynamic has become more crowded and difficult." Upon release of this news, Tableau's stock price dropped materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP