Tableau Software, Inc. (DATA) Loss Submission Form
Levi & Korsinsky, LLP announces it filed a class action complaint on behalf of Tableau Software, Inc. (NYSE: DATA) shareholders who purchased shares between June 3, 2015 and February 4, 2016. The action was filed in the USDC for the Southern District of New York, and is entitled Scheufele, et al. v. Tableau Software, Inc., et al. (Case No. 1:17-cv-05753).
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) product launches and upgrades by major software competitors were negatively impacting Tableau’s competitive position and profitability; and (2) as a result of the foregoing, Tableau’s financial statements were materially false and misleading at all relevant times.
On August 7, 2015, Tableau filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015 press release. Then on February 4, 2016, Tableau disclosed slowing revenue. In a related earnings call, the Company’s CEO stated: “the competitive dynamic has become more crowded and difficult.” Following this news, shares of Tableau stock fell $44.53 per share over two trading sessions, closing at $37.22 per share on February 8, 2016.
If you suffered a loss in Tableau Software you have until September 26, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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