A lawsuit was filed on behalf of investors in SolarWinds Inc (NYSE:SWI) shares over alleged securities laws violations and NYSE:SWI investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/10/2015 -- An investor, who purchased shares of SolarWinds Inc (NYSE:SWI), filed a lawsuit over alleged violations of Federal Securities Laws by SolarWinds Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of SolarWinds Inc (NYSE:SWI) have certain options and for certain investors are short and strict deadlines running. Deadline: September 29, 2015. NYSE:SWI investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of SolarWinds Inc (NYSE:SWI) common shares between April 28, 2015 and July 16, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 28, 2015 and July 16, 2015 defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose, among others that SolarWinds Inc's domestic business was struggling against the Company's expectations, that SolarWinds Inc's license sales growth of core license products and resulting license revenue was lower than expectations and guidance, that the overall quality of the "demand capture" SolarWinds Inc was garnering for certain core products was dropping, and, that, as a result of the foregoing, defendants' statements were materially false and misleading at all relevant times.
On July 16, 2015 SolarWinds Inc reported results for its second quarter ended June 30, 2015 and provided its financial outlook for its third quarter of 2015 and full year of 2015. Shares of SolarWinds Inc (NYSE:SWI) declined on July 17, 2015 to as low as $35.00 per share.
Those who purchased shares of SolarWinds Inc (NYSE:SWI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego