NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed in United States District Court, Western District of Washington, Seattle Division (Case No. 17-cv-01175) against Tableau Software, Inc. (NYSE: DATA)("Tableau" or the "Company") on behalf of purchasers of the Company's securities between June 3, 2015 and February 4, 2016, inclusive (the "Class Period").
The lawsuit is based on whether Tableau and its executives violated federal securities law by misleading investors by failing to disclose that product launches and upgrades by major software competitors were negatively impacting Tableau's competitive position and profitability.
On August 7, 2015, the Company filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015 press release. On February 4, 2016, the Company disclosed slowing revenue. In a related earnings call, the CEO stated that ''the competitive dynamic has become more crowded and difficult.'' When this news was released, the Company's stock price fell materially, which harmed investors according to the Complaint.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2017. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Contact: Juan E. Monteverde, Esq. MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave, Suite 4405 New York, NY 10118 United States of America [email protected] Tel: (212) 971-1341 Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.