NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of investors who purchased CommVault Systems (“CommVault” or the “Company”) (NasdaqGS:CVLT) securities between May 15, 2013 and April 24, 2014.
For more information, click here: http://zlk.9nl.com/commvault-systems-cvlt.
The complaint alleges that during the Class Period CommVault failed to disclose that the Company had begun experiencing decelerating software revenue growth, was recognizing deferred software licensing revenue to mask slowing revenue growth, and that its investments in its sales force were insufficient to offset employee attrition and drive the level of growth that the Company had assured investors it could achieve.
If you suffered a loss in CommVault you have until November 11, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/commvault-systems-cvlt.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.