An investigation on behalf of investors in Nutanix, Inc. (NASDAQ:NTNX) shares over potential wrongdoing at Nutanix, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/24/2021 -- Certain directors of Nutanix, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Nutanix, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On March 29, 2019, a lawsuit was filed against Nutanix, Inc. (NASDAQ: NTNX) over alleged violations of Federal Securities Laws. The plaintiff claimed that beginning on March 2, 2018, Nutanix, Inc and its senior executives made repeated statements that Nutanix was investing heavily in growth while maintaining high profit margins. The plaintiff alleges that Nutanix senior officers, including its Chief Revenue Officer, took advantage of false statements by selling Nutanix common stock at inflated prices.
On September 9, 2019, a consolidated Complaint was filed and on October 24, 2019, the defendants filed a Motion to Dismiss the consolidated Complaint.
On March 9, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.
On April 17, 2020 a second amended Complaint was filed.
On September 11, 2020, the defendants' motion to dismiss was denied in its entirety.
Those who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.