In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.īronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. If you suffered a loss in Splunk you have until Februto request that the Court appoint you as lead plaintiff. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 21. If you wish to review a copy of the Complaint you can visit the firm's site: or you may contact Peretz Bronstein, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages.Ī class action lawsuit has already been filed. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021 (2) Splunk was not hitting the financial targets it had previously announced and (3) as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times. Such investors are encouraged to join this case by visiting the firm's site: This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. 8, 2020 /PRNewswire/ - Attorney Advertising- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Splunk Inc. ("Splunk" or "the Company") (NASDAQ: SPLK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Splunk securities between Octoand December 2, 2020, both dates inclusive (the "Class Period"). Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.NEW YORK, Dec. For more information, contact us.īerger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. Whistleblowers: Persons with non-public information regarding Splunk are encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. You do not need to be a lead plaintiff to share in any potential Class recovery. The lead plaintiff appointment deadline is February 2, 2021. If you purchased Splunk securities during the Class Period, you may seek Court appointment as lead plaintiff to represent other injured investors in a class action.
Analysts at JPMorgan immediately wrote that they were "blindsided by the magnitude of too many large deals slipping in the final days of October." On December 2, 2020, Splunk announced its third quarter 2021 financial results, and in a startling reversal from the optimistic portrayal of the Company only five weeks earlier, Splunk reported that total revenue had declined by 11% year-over-year and that earnings-per-share had missed analyst estimates by a wide margin. Specifically, according to the complaints, Defendants failed to disclose that Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021, and that Splunk was not hitting the financial targets it had previously announced. Recently filed lawsuits accuse Splunk and members of its senior management of falsely portraying the Company's financial performance, including its business, operations, and prospects.
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