An investigation on behalf of current long term investors in Pivotal Software, Inc. (NYSE: PVTL) shares over possible breaches of fiduciary duty by certain officers and directors was announced and (NYSE: PVTL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/12/2019 -- Certain directors of Pivotal Software, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Pivotal Software, Inc. (NYSE: PVTL) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: PVTL stocks follows a lawsuit filed against Pivotal Software, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PVTL stocks, concerns whether certain Pivotal Software, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants made false and/or misleading statements and/or failed to disclose that: (i) Pivotal was facing major problems with its sales execution and a complex technology landscape; (ii) the foregoing headwinds resulted in deferred sales, lengthening sales cycles, and diminished growth as its customers and the industry's sentiment shifted away from Pivotal's principal products because the Company's products were outdated, inadequate, and incompatible with the industry-standard platform; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Pivotal Software, Inc. (NYSE: PVTL) have certain options and should contact the Shareholders Foundation.
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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.