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The Wagner Firm Announces the Filing of a Securities Class Action on Behalf of Nimble Storage, Inc. InvestorsThe Wagner Firm announces the filing of a class action lawsuit on behalf of investors of Nimble (News - Alert) Storage, Inc. ("Nimble Storage" or the "Company") (NYSE: NMBL) securities between May 27, 2015 and November 19, 2015, inclusive (the "Class Period"), and alerts investors to the looming February 16, 2016 deadline to file a lead plaintiff motion. Injured investors are encouraged to contact Avi Wagner, Esquire, of The Wagner Firm, at 310-201-9150 to discuss their legal rights. According to the complaint, the Company failed to disclose that: (1) Nimble was being negatively impacted by intense competition from strong competitors who were reducing prices in order to maintain market share, (2) Nimble had made a conscious decision to focus its sales and marketing effors towards the large enterprises market and to reduce sales efforts in the U.S. commercial market, and (3) due to this change in sales strategy and the intense price competition, Nimble was losing sales in both sales channels. Upon disclosure of the Company's poor operating results, Nimble Storage's shares fell $10.34 per share, or 51%, close at $10.05 per share on November 20, 2015, thereby injuring investors. In addition, during the Class Period, Company insiders sold millions of dollars of Nimble Storage shares to an unsuspecting market. If you purchased shares of Nimble Storage during the Class Period, you have until February 16, 2016 to move the Court to appoint you as lead plaintiff if you meet certain legal requirements. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at [email protected], or visit our website at http://thewagnerfirm.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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