Tintri Inc (NASDAQ:TNTR) Investor Securities Class Action Lawsuit 09/18/2017

If you purchased shares of Tintri Inc (NASDAQ:TNTR), you have certain options and for certain investors are short and strict deadlines running. Deadline: November 17 2017. NASDAQ:TNTR investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Tintri
Case Name: 
Tintri Shareholder Class Action Lawsuit 09/18/2017
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: TNTR
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
09/18/2017
Class Period Begin: 
06/30/2017
Class Period End: 
09/18/2017
Court of Filing: 
U.S. District Court for the Central District of California
Deadline To File for Lead: 
11/17/2017
Summary: 

September 18, 2017 (Shareholders Foundation) - An investor in shares of Tintri Inc (NASDAQ:TNTR) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Tintri Inc in connection with certain allegedly false and misleading statements made in connection with Tintri’s initial public offering completed on or about June 30, 2017 (the “IPO”).

According to the complaint the plaintiff alleges on behalf of purchasers of Tintri Inc (NASDAQ:TNTR) shares, who purchased their Tintri Inc (NASDAQ:TNTR) pursuant and/or traceable to Tintri’s Registration Statement and Prospectus issued in connection with Tintri’s IPO completed on or about June 30, 2017, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that defendants in connection with Tintri’s IPO made false and/or misleading statements and/or failed to disclose that Tintri, Inc experienced distraction, disruption, and sales attrition during its IPO, and that as a result, defendants’ statements about Tintri’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Mountain View, CA based Tintri, Inc. is a United States-based company that is engaged in the business of storage management solutions. On June 30, 2017, Tintri Inc commenced its IPO of shares for $7.00 per share. Tintri Inc reported that its Total Revenue rose from $86.01 million for the 12 months period that ended on January 31, 2016 to $125.11 million for the 12 months period that ended on January 31, 2017 and that its Net Loss for those respective time periods increased from $100.97 million to $105.80 million.

On September 7, 2017, Tintri Inc reported financial results for the second quarter of fiscal year 2018. Shares of Tintri Inc (NASDAQ:TNTR) declined to $4.32 per share on September 8, 2017.