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DEADLINE NOTICE Khang & Khang LLP Announces The Filing Of A Securities Class Action Lawsuit Against Nimble Storage, Inc. And Encourages Investors With Losses in Excess of $50,000 To Contact The Firm

Nachrichtenquelle: Business Wire (engl.)
09.01.2016, 04:20  |  1044   |   |   

Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Nimble Storage, Inc. (“Nimble” or the “Company”) (NYSE: NMBL). Investors who purchased or otherwise acquired shares between May 27, 2015 and November 19, 2015, inclusive (the “Class Period”) are encouraged to contact the Firm prior to the February 15, 2016 lead plaintiff motion deadline.

If you purchased shares of Nimble during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company failed to disclose that: (1) Nimble was being negatively impacted by intense competition from strong competitors who were reducing prices in order to maintain market share, (2) Nimble 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 (3) due to this change in sales strategy and the intense price competition, Nimble was losing sales in both sales channels.

If you purchased shares of Nimble during the Class Period, you have until February 15, 2016 to ask the Court to appoint you as lead plaintiff. 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, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

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