SAN DIEGO, Feb. 16, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit in California was filed for certain purchasers of shares of Gigamon Inc (NYSE:GIMO) over alleged Securities Laws Violations by Gigamon.
Investors, who purchased shares of Gigamon Inc (NYSE:GIMO) in September 2016 or earlier and currently hold any of those NYSE: GIMO shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the defendants failed to disclose that Gigamon was experiencing reduced product bookings in its North America West region, that several of the Company’s significant customers were deferring purchasing decisions into 2017, that the Company failed to properly include these trends in its financial guidance, and that, as a result of the foregoing, Defendants’ statements about Gigamon’s business, operations, and prospects, including statements about its revenue guidance, were false and misleading and/or lacked a reasonable basis.
The lawsuit seeks to recover damages for certain NYSE: GIMO investors.
Those who purchased shares of Gigamon Inc (NYSE:GIMO) in September 2016 or earlier and currently hold any of those NYSE: GIMO shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.