Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 15, 2016 to file lead plaintiff applications in a securities class action lawsuit against Nimble Storage, Inc. (NYSE: NMBL), if they purchased the Companyâs securities between May 27, 2015 through November 19, 2015, inclusive (the âClass Periodâ). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of Nimble Storage and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 15, 2016.
About the Lawsuit
Nimble Storage and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
These false statements and omissions include, in part, that Nimble Storage: (i) was being negatively impacted by intense competition from well-entrenched, large competitors who were slashing prices in order to maintain market share; (ii) 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 (iii) was losing sales in both sales channels due to this change in sales strategy and the intense price competition.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.