TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
NEW YORK, Aug. 03, 2017 -- Pomerantz LLP announces that a class action lawsuit has been filed against Tableau Software, Inc. (“Tableau” or the “Company”) (NYSE:DATA) and certain of its officers. The class action, filed in United States District Court, Western District of Washington, Seattle Division, and docketed under 17-cv-01175, is on behalf of a class consisting of investors who purchased or otherwise acquired Tableau securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.
If you are a shareholder who purchased Tableau securities between June 3, 2015, and February 4, 2016, both dates inclusive, you have until September 26, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
[Click here to join this class action]
Tableau is a business analytics software company that produces interactive data visualization products and is focused on business intelligence. The Company develops business intelligence software designed to retrieve large volumes of data and quickly generate interactive dashboards, reports, and other data visualization tools with products like Tableau Desktop, Tableau Public, and Tableau Server.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) product launches and upgrades by major software competitors were negatively impacting Tableau’s competitive position and profitability; and (ii) as a result of the foregoing, Tableau’s public statements were materially false and misleading at all relevant times.
On July 29, 2015, Tableau reported a sharp deceleration in its license revenue growth, causing analysts to question whether competitors were hurting the Company’s sales. In spite of this softening of growth, the Company increased its guidance for full-year revenue to between $617 and $627 million.
On this news, Tableau’s stock fell $13.58 per share, or 10.69%, to close at $113.49 per share on July 29, 2015.
On January 7, 2016, Tableau disclosed that Kelly Wright, then Executive Vice President of Sales, would leave the Company by December 31, 2016.
Following this news, the Company’s stock price fell $2.14 per share, or 2.42%, to close at $86.43 per share on January 8, 2016.
On February 4, 2016, as part of its earnings announcement, Tableau disclosed its slowing revenue. For the related earnings call, the Company’s Chief Executive Officer Christian Chabot finally stated that “the competitive dynamic has become more crowded and difficult.”
In reaction to these revelations, Tableau’s stock price fell $44.53 per share over the following two trading days, or 54.47%, to close at $37.22 per share on February 8, 2016, wiping out billions of dollars in market capitalization and completely realigning the market’s perception of Tableau’s competitive position and potential profitability.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT: Robert S. Willoughby Pomerantz LLP [email protected]
