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Case Status:    DISMISSED    
On or around 09/15/2020 (Court's order of dismissal)

Filing Date: June 20, 2019

According to the Complaint, Pivotal, together with its subsidiaries, provides a cloud-native application platform and services in the United States.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that:(i) Pivotal was facing major problems with its sales execution and a complex technology landscape; (ii) the foregoing headwinds resulted in deferred sales, lengthening sales cycles, and diminished growth as its customers and the industry’s sentiment shifted away from Pivotal’s principal products because the Company’s products were outdated, inadequate, and incompatible with the industry-standard platform; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On November 8, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed a consolidated amended Complaint on February 11, 2020. Defendants filed a Motion to Dismiss the consolidated amended Complaint on March 27. On July 21, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. On September 14, the parties dismissed the case.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PVTL
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.
COURT: N.D. California
DOCKET #: 19-CV-03589
JUDGE: Hon. Charles R. Breyer
DATE FILED: 06/20/2019
CLASS PERIOD START: 04/24/2018
CLASS PERIOD END: 06/04/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 19-CV-03589
JUDGE: Hon. Charles R. Breyer
DATE FILED: 02/11/2020
CLASS PERIOD START: 04/20/2018
CLASS PERIOD END: 06/04/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
  2. Wagstaffe, Von Lowenfeldt, Busch & Radwick, LLP
No Document Title Filing Date
—Related District Court Filings Data is not available