BALA CYNWYD, Pa., Jan. 28, 2016 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces an investigation of Nimble Storage, Inc.("Nimble" or the "Company") (NYSE -NMBL- News) for potential violations of federal securities laws and breaches of the Nimble Board's fiduciary duties.
Click here to learn more about the investigation http://brodsky-smith.com/1030-nmbl-nimble-storage-inc.html, or call 877-534-2590. There is no cost or obligation to you.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Northern District of California. The complaint alleges that the Defendants made false and misleading statements including failing to disclose that Nimble was being negatively impacted by intense competition from large competitors who were slashing prices. Further, that Nimble made a decision to focus its sales and marketing efforts toward the large enterprises market and to reduce sales efforts in the U.S. Commercial Markets. As a result, Nimble was losing sales in both sales channels. Further, the Complaint alleges, that following the Company's November 19, 2015 announcement attributing disappointing financial results, the value of Nimble shares declined significantly.
If you purchased shares of Nimble common stock between May 27, 2015 and November 19, 2015, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC before February 15 , 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/1030-nmbl-nimble-storage-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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