SAN DIEGO & SEATTLE--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Tableau Software, Inc. (NYSE: DATA) breached their fiduciary duties to shareholders. Purchasers of Tableau filed a securities class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between February 5, 2015 and February 4, 2016. According to the complaint, Tableau downplayed competitive threats until February 4, 2016, when the company revealed that it expected the company's 2016 first quarter revenue growth rate to decline approximately 25% on a year-over-year basis, finally signaling to the market the true adverse effect of Tableau's competitors on the business. On July 2, 2018, U.S. District Judge John G. Koeltl ordered that defendants' motion to dismiss plaintiff's second amended complaint be closed, paving the way for litigation to proceed.
View this press release on the firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/tableau-software-july-2018/
Tableau Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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