An investigation on behalf of current long term investors in Tableau Software Inc (NYSE:DATA) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:DATA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/28/2018 -- An investigation was announced for investors in shares of Tableau Software Inc (NYSE:DATA) concerning potential breaches of fiduciary duties by certain directors and officers of Tableau Software Inc.
Investors who are current long term investors in Tableau Software Inc (NYSE:DATA) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in (NYSE:DATA stocks follows a lawsuit filed against Tableau Software Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:DATA stocks, concerns whether certain Tableau Software directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between June 3, 2015 and February 4, 2016, the defendants made false and/or misleading statements and/or failed to disclose that: (1) product launches and upgrades by major software competitors were negatively impacting Tableau's competitive position and profitability; and (2) as a result of the foregoing, Tableau's financial statements were materially false and misleading at all relevant times.
Tableau Software Inc reported that its annual total Revenue rose from $232.44 million in 2013 to $412.62 million in 2014 while its Net Income declined from $7.08 million in 2013 to $5.87 million in 2014.
Shares of Tableau Software Inc (NYSE:DATA) grew from $54.61 per share in May 2014 to as high as $127.44 per share in July 2015.
On August 7, 2015, Tableau Software Inc filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015 press release
On February 4, 2016, Tableau Software Inc reported results for its fourth quarter and fiscal year ended December 31, 2015. Among other things, Tableau Software Inc reported that its annual total Revenue rose from $412.62 million in 2014 to $653.59 million in 2015 while its Net Income of $5.87 million in 2014 declined to a Net Loss of $83.7 million in 2015.
Those who purchased shares of Tableau Software Inc (NYSE:DATA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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