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Business Wire 16-Mar-2023 12:48 PM
Law Offices of Howard G. Smith continues its investigation on behalf of Nutanix, Inc. ("Nutanix" or the "Company") (NASDAQ:NTNX) investors concerning the Company's possible violations of federal securities laws.
On March 6, 2023, after the market closed, Nutanix disclosed that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended January 31, 2023 on time because the Company's Audit Committee is conducting an investigation with the assistance of outside counsel. The investigation relates to "certain evaluation software from one of the Company's third-party providers [that] was instead used for interoperability testing, validation and customer proofs of concept over a multi-year period." The Company further disclosed that the issue is likely to result in "additional costs . . . incurred to address the additional use of the software."
On this news, Nutanix's stock price fell $2.27, or 7.8%, to close at $26.50 per share on March 7, 2023, thereby injuring investors.
If you purchased Nutanix securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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