Recent Security Class Actions

Nutanix Inc. Class A Common Stock (NASDAQ: NTNX)

Company Name:Nutanix Inc. Class A Common Stock
Stock Symbol:NASDAQ: NTNX
Class Period Start:09/21/2021
Class Period End (inclusive):03/06/2023
Filing Deadline:06/13/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient internal controls relating to its use of licensed software and expense management; (ii) as a result of these deficiencies, the Company improperly used third-party evaluation software for business purposes over a multi-year period; (iii) investigation and remediation of the foregoing—i.e., by paying vendors the full cost to use their software for business purposes—would cause the Company to incur significant expenses; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.