BOSTON, March 02, 2020 (GLOBE NEWSWIRE) -- National securities litigation firm Block & Leviton (www.blockesq.com) is investigating potential claims against VMware, Inc. (NYSE: VMW) and certain of its officers for securities fraud. The Firm is looking into a newly disclosed investigation of the company by the U.S. Securities and Exchange Commission. Investors who have suffered losses are encouraged to contact the firm for a free consultation.
On February 27, 2019, VMware announced an SEC investigation into its backlog of unfilled orders. A “backlog” is an important metric to investors, as it helps inform predictions of future revenue. VMware said the SEC requested a series of documents and information related to its backlog and associated accounting and disclosures in December 2019.
Since the announcement, the company’s share price has dropped more than $23 per share or about 16%, on heavy trading.
“An SEC investigation is a serious matter, and we are focused on how this development is affecting the company’s investors,” said Mark Delaney, the Block & Leviton attorney leading the investigation,
If you have purchased or acquired VMware securities, and have questions about your legal rights, or possess information relevant to this matter, you are encouraged to contact attorney Mark Delaney directly at (617) 398-5600, by email at mdelaney@blockesq.com, or by visiting https://shareholder.law/cases/?case=vmw.
Block & Leviton LLP is a firm dedicated to representing investor and maintaining the integrity of the country’s financial markets. The firm represents many of the nation's largest institutional investors and individual investors in securities litigation throughout the United States. Its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
Mark Delaney
(617) 398-5600 phone
260 Franklin Street, Suite 1860
Boston, MA 02110
mark@blockesq.com
SOURCE Block & Leviton LLP