July 31, 2018 - The court dismissed the case with prejudice and entered a judgement in favor of the defendants.

July 11, 2018 - The court granted defendants' motion to dismiss with leave to amend.

November 6, 2017 - Defendants filed a motion to dismiss.

September 22, 2017 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased Gigamon Inc (NYSE: GIMO) common shares between October 27, 2016, and February 2, 2017. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between October 27, 2016, and February 2, 2017.

July 26, 2017 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

March 28, 2017 - Lead plaintiff motions were filed.

January 27, 2017 - An investor in shares of Gigamon Inc (NYSE: GIMO) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Gigamon Inc in connection with certain allegedly false and misleading statements made between October 27, 2016 and January 17, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Gigamon Inc (NYSE: GIMO) common shares between October 27, 2016 and January 17, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 27, 2016 and January 17, 2017, the defendants failed to disclose that Gigamon Inc was experiencing reduced product bookings in its North America West region, that several of the Company’s significant customers were deferring purchasing decisions into 2017, that the Company failed to properly include these trends in its financial guidance, and that, as a result of the foregoing, Defendants’ statements about Gigamon Inc’s business, operations, and prospects, including statements about its revenue guidance, were false and misleading and/or lacked a reasonable basis.

Gigamon Inc reported that its annual Total Revenue rose from $157.13 million in 2014 to $221.97 million in 2015 and that its Net Loss of $40.79 million in 2014 turned into a Net Income of $6.19 million in 2015.

Shares of Gigamon Inc (NYSE: GIMO) grew from $22.54 per share in January 2016 to as high as $60.35 per share in November 2016.

On January 17, 2017, Gigamon Inc announced its preliminary fourth quarter and fiscal year 2016 results. In the report, Gigamon Inc announced that fourth quarter revenue for the period ending December 31, 2016 would be less compared to the prior year’s guidance. According to Gigamon Inc, its fourth quarter revenue fell short due to “lower than expected product booking” as well as the decision of existing customers to hold “purchasing decisions into 2017.”

Shares of Gigamon Inc (NYSE: GIMO) declined to as low as $30.50 per share on January 18, 2017.

On January 27, 2017 NYSE: GIMO shares closed at $32.95 per share.