The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Splunk Inc. (NASDAQ: SPLK) who purchased shares between October 21, 2020 and December 2, 2020. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the Splunk lawsuit alleges that (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
Shareholders have until February 2, 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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