On or around 11/25/2014 (Notice of voluntarily dismissal)
Filing Date: May 30, 2014
According to the law firm press release, the lawsuit alleges that defendants falsely lauded Infoblox as a financially successful company, repeatedly emphasizing the company's strong revenues and proclaiming that the company was entering "fiscal 2014 with significant momentum and expect[ed]  to be another year of strong execution," when, in fact, Infoblox had secretly implemented enormous discounting in order to maintain market share, and was failing to close on big-ticket deals that had previously driven its revenue growth. While defendants were falsely touting Infoblox's financial strength, Infoblox insiders sold $21.25 million of their personal holdings of Infoblox common stock.
On September 26, 2014, the Court issued an Order consolidating cases, appointing lead plaintiff, and approving lead counsel.
This case was voluntarily dismissed by plaintiffs on November 25, 2014.
Company & Securities Information
Defendant: Infoblox, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: BLOX
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.