Tintri, Inc. is an American company that provides products designed for business cloud computing, virtual machines, and containers.
According to the law firm press release, the lawsuit alleges Defendants in connection with Tintri’s IPO made false and/or misleading statements and/or failed to disclose that: (1) Tintri experienced distraction, disruption, and sales attrition during its IPO; and (2) as a result, Defendants’ statements about Tintri’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On October 3, 2017, this case was transferred to the Northern District of California.
On December 13, 2017, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on February 2, 2018.
On July 10, issuer Defendant filed a Notice of Filing of Petition under Chapter 11 of the United States Bankruptcy Code. On July 12, the Court issued an Order staying all claims against Defendant Tintri, Inc. due to Tintri's voluntary filing of a petition in the United States Bankruptcy Court.
On February 7, 2020, Lead Plaintiff voluntarily dismissed this case, intending to litigate a case on behalf of the Class in the Superior Court of the State of California, County of San Mateo (In re Tintri, Inc. Sec. Litig., Case
No. 17-CIV-04312).