On or around 12/16/2019 (Notice of voluntarily dismissal)
Filing Date: June 06, 2019
According to the Complaint, Box provides a cloud content management platform that enables secure access to content.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company was unable to close large deals within the quarter; (2) that, as a result, the Company’s revenue would be materially impacted; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 4, 2019, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on November 13. On December 16, Lead Plaintiffs voluntarily dismissed the case.
Company & Securities Information
Defendant: Box, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: BOX
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
Simo Duvnjak, et al. v. Box, Inc., et al.
COURT: N.D. California
DOCKET #: 19-CV-03173
JUDGE: Hon. Phyllis J. Hamilton
DATE FILED: 06/06/2019
CLASS PERIOD START: 11/28/2018
CLASS PERIOD END: 06/03/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Glancy Prongay & Murray LLP
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws