openPR Logo
Press release

Lawsuit filed for Investors who lost money with shares of Nutanix, Inc. (NASDAQ: NTNX)

04-25-2023 07:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Nutanix, Inc. (NASDAQ: NTNX) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Nutanix, Inc. (NASDAQ: NTNX) shares over alleged securities laws violations.

An investor, who purchased shares of Nutanix, Inc. (NASDAQ: NTNX), filed a lawsuit over alleged violations of Federal Securities Laws by Nutanix, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and for certain investors are short and strict deadlines running. Deadline: June 13, 2023. NASDAQ: NTNX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

San Jose, CA based Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. On March 6, 2023, Nutanix, Inc. issued a press release stating that "Company management discovered that certain evaluation software from one of its third-party providers was instead used for interoperability testing, validation and customer proofs of concept over a multi-year period." The Company further stated that "As a result, the Company has not provided financial information regarding expenses in its second quarter fiscal 2023 preliminary results, or in its outlook for the third quarter or full fiscal year 2023."

Shares of Nutanix, Inc. (NASDAQ: NTNX) declined from $33.73 per share on December 14, 2022, to $23.85 per share on March 13, 2023.

On March 16, 2023, Nutanix, Inc. announced that, on March 15, 2023, "the Company received a standard notification letter from Nasdaq stating that, because the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended January 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the [Securities and Exchange Commission]."

The plaintiff claims that between September 21, 2021 and March 6, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that the Company maintained deficient internal controls relating to its use of licensed software and expense management, that as a result of these deficiencies, the Company improperly used third-party evaluation software for business purposes over a multi-year period, that investigation and remediation of the foregoing-i.e., by paying vendors the full cost to use their software for business purposes-would cause the Company to incur significant expenses, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors who lost money with shares of Nutanix, Inc. (NASDAQ: NTNX) here

News-ID: 3027089 • Views:

More Releases from Shareholders Foundation

Investigation announced for Investors in FMC Corporation (NYSE: FMC) over potential Wrongdoing
Investigation announced for Investors in FMC Corporation (NYSE: FMC) over potent …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of FMC Corporation. Investors who are current long term investors in FMC Corporation (NYSE: FMC) shares, 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 for current long term investors in NYSE: FMC stocks follows a lawsuit filed against FMC Corporation over
Investigation announced for Long-Term Investors who lost money with Advance Auto Parts, Inc. (NYSE: AAP)
Investigation announced for Long-Term Investors who lost money with Advance Auto …
An investigation was announced for long-term investors in shares of Advance Auto Parts, Inc. (NYSE: AAP) concerning potential breaches of fiduciary duties by certain directors of Advance Auto Parts, Inc. Investors who are current long term investors in Advance Auto Parts, Inc. (NYSE: AAP) shares, 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 for current long
Investigation announced for Investors in Treace Medical Concepts, Inc. (NASDAQ: TMCI) over potential Wrongdoing
Investigation announced for Investors in Treace Medical Concepts, Inc. (NASDAQ: …
An investigation was announced over potential breaches of fiduciary duties by certain directors at Treace Medical Concepts, Inc. Investors who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) 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 Treace Medical Concepts, Inc. directors breached their fiduciary duties and caused damage to the company and its
Deadline on May 20th coming up in Lawsuit for Investors in the Chemours Company (NYSE: CC)
Deadline on May 20th coming up in Lawsuit for Investors in the Chemours Company …
A deadline is coming up on May 20, 2024 in the lawsuit filed for certain investors of The Chemours Company (NYSE: CC) over alleged securities laws violations by The Chemours Company. Investors who purchased shares of The Chemours Company (NYSE: CC) have certain options and there are strict and short deadlines running. Deadline: May 20, 2024. NYSE: CC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -

All 5 Releases


More Releases for Nutanix

Cloud Cost Management and Optimization Market 2022 with Industry-Specific Opport …
Cloud Cost Management and Optimization Market report 2022 gives a brief well-informed report so that the purchaser or readers will get help from it for investment in Cloud Cost Management and Optimization Industry. The report is properly deliberate and gathered by Market professionals and will shed light on the key information that requires from the consumers like market share, size, top key players, and other important data. The market research of
Investigation for Investors in shares of Nutanix, Inc. (NASDAQ: NTNX) announced
An investigation is pending over potential securities laws violations by Nutanix, Inc. in connection with certain financial statements. 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 focuses on possible claims on behalf of purchasers of the securities of Nutanix, Inc. (NASDAQ: NTNX) concerning whether a series of statements
Nutanix, Inc. (NASDAQ: NTNX) Investor Alert: Update in Lawsuit
A lawsuit is pending for investors in shares of Nutanix, Inc. (NASDAQ: NTNX) over alleged securities Laws Violations by Nutanix, Inc. Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) and currently hold any of those Nutanix, Inc. (NASDAQ: NTNX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On March 29, 2019, a lawsuit was filed against Nutanix, Inc. (NASDAQ: NTNX) over
NAKIVO Releases v8.5 with Support for Nutanix AHV
NAKIVO Backup & Replication v8.5 comes with support for Nutanix Acropolis Hypervisor, unique per-machine licensing, extended NAS server support, and other features. Anaheim — May 7, 2019 NAKIVO, Inc., a fast-growing software company delivering data protection and site recovery solutions, announced today the release of NAKIVO Backup & Replication v8.5. To mark its 25th software release, NAKIVO is offering a limited-time 10% discount on a 3-year Enterprise subscription license. NAKIVO Backup
Global Cloud Computing Market Forecast 2018-2023 Microsoft ,Citrix, Nutanix ,DEL …
World Cloud Computing Market Executive Summary  Cloud Computing market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of
Global Storage Server Market 2018: Nutanix, Datacore, Hitachi, Stormagic, Nexent …
The report entitled Global Storage Server Market 2018 delivers the comprehensive and in-depth research analysis of the key regional industry standing of the Storage Server market on a global level. This report especially focuses on the core regions such as North & South America, Europe, Africa, South & Middle East Asia and Australia and also the key countries like (USA, Canada, UK, France, Germany, Russia, India, China, South Korea and