The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business prospects. Specifically, the Complaint alleges that Defendants' statements were materially false and misleading in that the Company kept lead generation spending flat for more than a year, did not meet its internal sales hiring goals, and knowingly allowed “chaos” to “reign” over an inexperienced and understaffed salesforce, which resulted in a severely depleted pipeline and the failure to generate revenue and profits through sales, other than through an undisclosed and deceptive unsustainable pull-in scheme.
Nutanix, Inc. Securities Litigation (2021)
Jun 03, 2021 | Nutanix Inc. Class A Common Stock NASDAQ: NTNX | Case Status: Filed
Filing Deadline: August 10, 2021
If you purchased a significant amount of shares of Nutanix Inc. Class A Common Stock (NASDAQ: NTNX), you have certain options. Investors should contact us before August 10, 2021.
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First Identified Complaint
John P. Norton, et al. v. Nutanix, Inc., et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint for Violations of the Federal Securities Laws||May 28th, 2021|
|2||U.S. District Court Civil Docket||May 28th, 2021|