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NEW YORK, Jan. 15, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Nimble Storage, Inc. (NYSE:NMBL) securities between May 27, 2015 and November 19, 2015.
Click here to learn about the case: http://docs.wongesq.com/NMBL-Info-Request-Form-1040. There is no cost or obligation to you.
The complaint alleges that Defendants failed to disclose that: (1) Nimble Storage was being negatively impacted by intense competition from well-entrenched, large competitors who were slashing prices in order to maintain market share; (2) Nimble Storage 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 Storage was losing sales in both channels.
If you suffered a loss in Nimble Storage you have until February 15, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/NMBL-Info-Request-Form-1040.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
