Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Northern District of California on behalf of shareholders of Nimble Storage, Inc. (NYSE: NMBL) who purchased shares between May 27, 2015 and November 19, 2015.
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 on or around February 16, 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.
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