Levi & Korsinsky Announces NetApp Class Action Investigation; NTAP Lawsuit

Class Action Reports

Levi & Korsinsky Announces NetApp Class Action Investigation; NTAP Lawsuit

Levi & Korsinsky, LLP

September 24, 2019

Levi & Korsinsky, LLP announces that a NTAP class action lawsuit has been commenced on behalf of investors who purchased NetApp, Inc. (NTAP) securities between May 22, 2019 and August 1, 2019. For more on the NetApp Class Action please contact us today.

According to the NetApp lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was unable to close large deals within the quarter and that the deals were pushed out to subsequent quarters or downsized; (2) as a result, the Company’s revenue would be materially impacted; (3) as a result, the Company would lower its fiscal 2020 guidance; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE NTAP CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/netapp-inc-loss-form?wire=3

If you suffered a loss in NetApp you have until October 15, 2019 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.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com