LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed against Nimble Storage, Inc. (“Nimble” or the “Company”) (NYSE: NMBL) concerning possible violations of federal securities laws between May 27, 2015 and November 19, 2015. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the February 15, 2016, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at firstname.lastname@example.org.
According to the complaint, the Company failed to disclose that: (1) Nimble was being negatively impacted by intense competition from strong competitors who were reducing prices in order to maintain market share, (2) Nimble 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 (3) due to this change in sales strategy and the intense price competition, Nimble was losing sales in both sales channels.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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