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Infoblox, Inc.

Case Summary

Infoblox, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
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] [2014] 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.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

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.

First Identified Complaint

Paul Ansfield, et al. v. Infoblox, Inc., et al.

COURT: N.D. California
DOCKET #: 14-CV-02500
JUDGE:
DATE FILED: 05/30/2014
CLASS PERIOD START: 09/06/2013
CLASS PERIOD END: 02/10/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gardy & Notis, LLP
    501 Fifth Avenue, Suite 1408, Gardy & Notis, LLP, NY 10017
    212-905-0509 212-905-0508 ·
  2. Green & Noblin P.C.
    700 Larkspur Landing Circle, Suite 275, Green & Noblin P.C., CA 94939
    415.477.6700 415.477.6710 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 05/30/2014
2 Order Consolidating Cases And Granting Retirement Systems' Motion 09/26/2014
3 U.S. District Court Civil Docket 11/25/2014
4 Notice of Voluntary Dismissal Without Prejudice 11/25/2014
 
 

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