The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pivotal Software, Inc. (Pivotal or the Company) (NYSE: PVTL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Pivotal reported financial results or the first quarter of Fiscal Year 2020 on June 4, 2019. Wedbush analyst Daniel Ives described the Companys quarterly results as a train wreck and its deferred revenue and billing numbers as disastrous as part of a downgrade on June 5, 2019, according to Bloomberg. Shares of Pivotal were down by more than 40% during intraday trading on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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