NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it has filed a class action lawsuit on behalf of purchasers of MobileIron, Inc. (NASDAQ:MOBL) securities from February 13, 2015 through April 22, 2015, inclusive (the “Class Period”). The lawsuit seeks to recover damages for MobileIron investors under the federal securities laws.
To join the MobileIron class action, go to the website at http://www.rosenlegal.com/cases-586.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The lawsuit is pending in the U.S. District Court for the Northern District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, MobileIron and certain of its officers and directors issued materially false and misleading statements about the Company’s true financial condition and prospects. Specifically, on April 22, 2015, MobileIron lowered its first quarter of 2015 revenue guidance to $32 - $33 million from its prior revenue guidance of $34 - $37 million. The Company attributed the revision to a shift in customers utilizing MobileIron’s subscription based services. On this news, shares of MobileIron fell $2.39 per share or over 25% from its previous closing price to close at $7.11 per share on April 23, 2015, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 30, 2015. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-586.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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