Cases
Tintri, Inc.
Securities Class Action
Overview
Overview
- Date:
- 10/11/2017
- Company Name:
- Tintri, Inc.
- Stock Symbol:
- TNTR
- Class Period:
- FROM 6/27/2017 TO 9/18/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Northern District of New York
NEW YORK, October 11, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of New York on behalf of all persons or entities who purchased or otherwise acquired Tintri, Inc. (NASDAQ: TNTR) securities between June 27, 2017 and September 18, 2017 (the “Class Period”). Investors have until November 17, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, Tintri made false and/or misleading statements and/or failing to disclose that the Company experienced distraction, disruption, and sales attrition during its IPO; and as a result, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 7, 2017, Tintri held an earnings conference call for the second quarter. During the call, the Company’s Chairman and Chief Executive Officer David Klein stated that “Q2 revenue grew 27% over the same quarter a year ago, at the low end of our expectations,” and that this was “primarily due to distraction, disruption and some sales attrition occurred during and after our IPO.” When this information was announced, shares of Tintri fell in value materially, which caused investors harm according to the Complaint.
If you purchased or otherwise acquired Tintri securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
According to the Complaint, Tintri made false and/or misleading statements and/or failing to disclose that the Company experienced distraction, disruption, and sales attrition during its IPO; and as a result, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 7, 2017, Tintri held an earnings conference call for the second quarter. During the call, the Company’s Chairman and Chief Executive Officer David Klein stated that “Q2 revenue grew 27% over the same quarter a year ago, at the low end of our expectations,” and that this was “primarily due to distraction, disruption and some sales attrition occurred during and after our IPO.” When this information was announced, shares of Tintri fell in value materially, which caused investors harm according to the Complaint.
If you purchased or otherwise acquired Tintri securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.