On or around 07/03/2018 (Ongoing date of last review)
Filing Date: July 27, 2017
According to the law firm press release, the complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) product launches and upgrades by major software competitors were negatively impacting Tableau’s competitive position and profitability; and (2) as a result of the foregoing, Tableau’s financial statements were materially false and misleading at all relevant times.
On August 7, 2015, Tableau filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015 press release. Then on February 4, 2016, Tableau disclosed slowing revenue. In a related earnings call, the Company’s CEO stated: “the competitive dynamic has become more crowded and difficult.” Following this news, shares of Tableau stock fell $44.53 per share over two trading sessions, closing at $37.22 per share on February 8, 2016.
On October 18, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on December 8. On February 2, 2018, Lead Plaintiff filed a second amended Complaint.
Company & Securities Information
Defendant: Tableau Software, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: DATA
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
Carrie Scheufele, et al. v. Tableau Software, Inc. , et al.
COURT: S.D. New York
DOCKET #: 17-CV-05753
JUDGE: Hon. John G. Koeltl
DATE FILED: 07/27/2017
CLASS PERIOD START: 06/03/2015
CLASS PERIOD END: 02/14/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky, LLP 30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004 212.363.7500 212.363-7171 ·
First Identified Complaint (FIC) Filings:
Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
Order Granting Motion for Appointment as Lead Plaintiff and Approving Selection of Lead Counsel
Plumbers and Pipefitters National Pension Fund, et al. v. Tableau Software, Inc. , et al.