IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Gigamon Inc. ("Gigamon" or the "Company") (NYSE: GIMO). Investors who purchased or otherwise acquired Gigamon shares between October 27, 2016 and January 17, 2017 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the March 28, 2017 lead plaintiff deadline.
If you purchased shares of Gigamon Inc. 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 via e-mail at email@example.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.
The investigation is centered on whether Gigamon and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Gigamon is involved with products and services that provide customers visibility and power over network traffic for corporations and service providers in the United States, as well as various international locations.
On January 18, 2017, Gigamon revealed early fourth quarter and fiscal year 2016 results. In the report, Gigamon stated that fourth quarter revenue for the period ending December 31, 2016 would be significantly less contrasted to the guidance last year. The Company attributed fourth quarter revenue was poor due to “lower than expected product booking” as well as the decision of existing customers to hold “purchasing decisions into 2017.” When this information was disclosed to the public, the value of Gigamon stock fell sharply, causing investors serious harm.
If you wish to learn more about this lawsuit at no charge, or if you have 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 via e-mail at firstname.lastname@example.org.
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