LOS ANGELES, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Tableau Software, Inc. (“Tableau” or the “Company”) (NYSE:DATA) for possible violations of federal securities laws from June 3, 2015 through February 4, 2016, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Tableau shares during the Class Period should contact the firm before September 26, 2017, the lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet, and until a class is certified, you are not considered to be represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint alleges that throughout the Class Period, Tableau made false and/or misleading statements, and/or failed to disclose, that product launches and upgrades by major software competitors were negatively affecting the Company’s competitive position and profitability. Thus, the Company’s financial statements were materially false and misleading at all relevant times. 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 went public, shares of Tableau declined in value materially, which caused investors harm according to the lawsuit.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/