LOS ANGELES, Sept. 27, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Tintri, Inc. ("Tintri" or the "Company") (Nasdaq: TNTR) concerning possible violations of federal securities laws in connection with its initial public offering on or about June 30, 2017 (the "IPO"). Investors who purchased or otherwise acquired shares pursuant and/or traceable to the IPO should contact the firm prior to the November 17, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or you can e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, Tintri made false and/or misleading statements and/or failing to disclose that the Company experienced distraction, disruption, and sales attrition during its IPO; and as a result, the Company's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On September 7, 2017, Tintri held an earnings conference call for the second quarter. During the call, the Company's Chairman and Chief Executive Officer David Klein stated that "Q2 revenue grew 27% over the same quarter a year ago, at the low end of our expectations," and that this was "primarily due to distraction, disruption and some sales attrition occurred during and after our IPO." Upon release of this information, shares of Tintri dropped in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esquire, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Lundin Law PC