Box, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Box, Inc.
Date Filed:June 6th, 2019
Industry:Computer Software: Prepackaged Software

According to the Complaint, Box provides a cloud content management platform that enables secure access to content.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company was unable to close large deals within the quarter; (2) that, as a result, the Company's revenue would be materially impacted; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Simo Duvnjak, et al. v. Box, Inc., et al.

Date Filed:June 6th, 2019
Class Period Start:November 28th, 2018
Class Period End:June 3rd, 2019
First Identified Complaint Filings
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