Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Nimble Storage, Inc.

Feb 01, 2016, 18:26 ET from Ryan & Maniskas, LLP

WAYNE, Pa., Feb. 1, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP that a class action lawsuit has been filed in United States District Court for the Northern District of California on behalf of all persons or entities that purchased Nimble Storage, Inc. ("Nimble Storage" or the "Company") (NYSE: NMBL) between May 27, 2015 and November 19, 2015, inclusive (the "Class Period").

Nimble Storage shareholders may, no later than February 16, 2016, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Nimble Storage and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/nmbl.       

The Complaint alleges that Defendants failed to disclose that: (1) Nimble Storage was being negatively impacted by intense competition from well-entrenched, large competitors who were slashing prices in order to maintain market share, (2) Nimble Storage had made a conscious decision to focus its sales and marketing efforts towards the large enterprises market and to reduce sales efforts in the U.S. commercial market, and (3) due to this change in sales strategy and the intense price competition, Nimble Storage was losing sales in both sales channels. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a member of the class, you may, no later than February 16, 2016, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

For more information regarding this, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/nmbl.   For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:                Ryan & Maniskas, LLP Richard A. Maniskas, Esquire 995 Old Eagle School Rd., Suite 311 Wayne, PA 19087 484-588-5516 877-316-3218 www.rmclasslaw.com/cases/nmbl    rmaniskas@rmclasslaw.com

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SOURCE Ryan & Maniskas, LLP



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