The Klein Law Firm announces a new lead plaintiff deadline in a previously filed lawsuit in the United States District Court for the Northern District of California. The lawsuit is on behalf of investors of Nutanix, Inc. (NASDAQGS: NTNX) who purchased securities between March 1, 2018 and May 30, 2019 and alleges that the Company violated federal securities laws.
Specifically, the complaint alleges that Nutanix and certain of Nutanix’s executives made false and misleading statements and omissions during the Class Period regarding the Company's sales productivity and new customer growth. When the truth of these statements was revealed in a series of disclosures, NTNX stock plummeted.
Investors in Nutanix have until March 22, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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