The Gross Law Firm notifies investors that they have until March 22, 2021 to request that the court appoint them lead plaintiff in an existing class action lawsuit on behalf of investors of Nutanix, Inc. who purchased securities between March 1, 2018 and May 30, 2019.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose material information regarding its new customer growth and sales productivity. This misconduct ultimately caused Nutanix’s stock price to drop over 32% when the truth was partially revealed on February 28, 2019, and over 14% when the truth was fully revealed on May 30, 2019.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
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