On or around 07/12/2018 (Ongoing date of last review)
Filing Date: September 18, 2017
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.
Company & Securities Information
Defendant: Tintri, Inc.
Headquarters: United States
Ticker Symbol: TNTR
Company Market: NASDAQ
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.