Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until February 15, 2016 to file lead plaintiff applications
in a securities class action lawsuit against Nimble Storage, Inc. (NYSE:
NMBL), if they purchased the Company’s securities between May 27, 2015
through November 19, 2015, inclusive (the “Class Period”). This action
is pending in the United States District Court for the Northern District
of California.
What You May Do
If you purchased shares of Nimble Storage and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by February 15, 2016.
About the Lawsuit
Nimble Storage and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
These false statements and omissions include, in part, that Nimble
Storage: (i) was being negatively impacted by intense competition from
well-entrenched, large competitors who were slashing prices in order to
maintain market share; (ii) 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 (iii) was losing
sales in both sales channels due to this change in sales strategy and
the intense price competition.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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