BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tableau Software, Inc. (“Tableau” or the “Company”) (NYSE: DATA) securities between June 3, 2015 and February 4, 2016, inclusive (the “Class Period”). Tableau investors have until September 26, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Tableau investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to email@example.com.
The complaint filed in this class action alleges that during the Class Period, Tableau made false and/or misleading statements, and/or failed to disclose that product launches and upgrades by major software competitors were negatively impacting the Company’s competitive position and profitability. As such, Tableau’s financial statements were false and misleading.
On August 7, 2015, Tableau filed its quarterly report on Form 10-Q reaffirming financial results announced in the Company’s July 29, 2015 press release. On February 4, 2016, the Company disclosed a slowdown in revenue growth, and Tableau’s CEO stated that “the competitive dynamic has become more crowded and difficult.”
On this news, Tableau’s stock price fell, thereby injuring investors.
If you purchased Tableau securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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