Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Northern District of California on behalf of shareholders of Gigamon Inc. (“Gigamon”) (NYSE: GIMO) who purchased shares between October 27, 2016 and January 17, 2017.
The complaint alleges that throughout the class period Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about Gigamon’s business, operations, and prospects, including that: (1) Gigamon was experiencing reduced product bookings in its North America West region; (2) several of Gigamon’s significant customers were deferring purchasing decisions into 2017; (3) Gigamon failed to properly include these trends in its financial guidance; and (4) as a result, Defendants’ statements about Gigamon’s business, operations, and prospects, including statements about its revenue guidance, were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Gigamon you have until March 28, 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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