{"id":452134,"date":"2021-03-05T22:53:15","date_gmt":"2021-03-06T03:53:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452134"},"modified":"2021-03-05T22:53:15","modified_gmt":"2021-03-06T03:53:15","slug":"nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/","title":{"rendered":"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX"},"content":{"rendered":"

<\/p>\n

\nNUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX\n<\/p>\n

NEW ORLEANS–(BUSINESS WIRE<\/a>)–
\nKahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilthe reset deadline ofMarch 22, 2021<\/span><\/b> to file lead plaintiff applications in a securities class action lawsuit against Nutanix, Inc. (NasdaqGS: NTNX), if they purchased the Company\u2019s securities between March 1, 2018 and May 30, 2019, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California.\n<\/p>\n

\nWhat You May Do\n<\/p>\n

\nIf you purchased securities of Nutanix and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com<\/a>), or visit https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-ntnx\/<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 22, 2021<\/span><\/b>.\n<\/p>\n

\nAbout the Lawsuit\n<\/p>\n

\nNutanix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.\n<\/p>\n

\nOn February 28, 2019, the Company disclosed its 2Q2019 financial results and 3Q guidance below analysts\u2019 expectations due to \u201cinadequate marketing spend for pipeline generation and slower than expected sales hiring,\u201d which contradicted the Company\u2019s prior statements that it was investing heavily in growth and was increasing sales and marketing activities while maintaining high profit margins. Then, on May 30, 2019, post-market, the Company announced its financial results for 3Q2019, again disclosing that the Company had failed to meet its revenue targets, despite its prior representations otherwise.\n<\/p>\n

\nOn this news, the price of Nutanix\u2019s shares dropped 14.1%, from a closing price of $32.67 per share on May 30, 2019 to $28.07 per share on May 31, 2019, on exceptionally heavy trading volume of almost 22 million shares.\n<\/p>\n

\nThe case is In re Nutanix, Inc. Securities Litigation, <\/i>No. 3:19-cv-01651.\n<\/p>\n

\nAbout Kahn Swick & Foti, LLC\n<\/p>\n

\nKSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.\n<\/p>\n

\nTo learn more about KSF, you may visit www.ksfcounsel.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210305005621\/en\/<\/a><\/span><\/p>\n

\nKahn Swick & Foti, LLC
\n
Lewis Kahn, Managing Partner
\n
lewis.kahn@ksfcounsel.com
\n<\/a>
1-877-515-1850\n<\/p>\n

KEYWORDS:<\/b> California Louisiana United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX NEW ORLEANS–(BUSINESS WIRE)– Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilthe reset deadline ofMarch 22, 2021 to file lead plaintiff applications in a securities class action lawsuit against Nutanix, Inc. (NasdaqGS: NTNX), if they purchased the Company\u2019s securities between March 1, 2018 and May 30, 2019, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. What You … <\/p>\n

Continue reading “NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452134","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. - NTNX - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. - NTNX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX NEW ORLEANS–(BUSINESS WIRE)– Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilthe reset deadline ofMarch 22, 2021 to file lead plaintiff applications in a securities class action lawsuit against Nutanix, Inc. (NasdaqGS: NTNX), if they purchased the Company\u2019s securities between March 1, 2018 and May 30, 2019, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. 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Foti, Jr., remind investors that they have untilthe reset deadline ofMarch 22, 2021 to file lead plaintiff applications in a securities class action lawsuit against Nutanix, Inc. (NasdaqGS: NTNX), if they purchased the Company\u2019s securities between March 1, 2018 and May 30, 2019, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. What You … Continue reading \"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-06T03:53:15+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210305005621r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX","datePublished":"2021-03-06T03:53:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/"},"wordCount":507,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210305005621r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nutanix-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-resetting-of-lead-plaintiff-deadline-in-class-action-l\/","name":"NUTANIX SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Resetting of Lead Plaintiff Deadline in Class Action Lawsuit Against Nutanix, Inc. - 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