Los Angeles, CA - (NewMediaWire) - May 21, 2020 - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against VMware, Inc. (“VMware” or “the Company”) (NYSE: VMW) 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.
Investors who purchased the Company's securities between March 30, 2019 and February 27, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before June 1, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, 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@example.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. VMware failed to maintain compliance with accounting and disclosure guidelines with respect to the reporting of its backlog of unfilled orders. This failure opened the Company to a greater risk of regulatory scrutiny and investigation. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about VMWare, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,
The Schall Law Firm