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Tableau Software Inc (NYSE:DATA) Investor Securities Class Action Lawsuit 07/28/2017

  • You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of August 24, 2021 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Tableau Software Inc
Security
NYSE: DATA

Case Name
Tableau Software Shareholder Class Action Lawsuit 07/28/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
Tableau_Software_Settlement_04_16_2021.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$95,000,000.00
Deadline to Participate in Settlement

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Summary

May 7, 2021 - The court preliminarily approved the settlement.

April 16, 2021 - A stipulation of settlement was filed by the parties.

February 8, 2019 - The court denied the defendants' motion to dismiss.

March 13, 2018 - A motion to dismiss the second amended complaint was filed.

February 2, 2018 - A second amended complaint was filed.

December 8, 2017 - An amended complaint was filed.

July 28, 2017 (Shareholders Foundation) - An investor in shares of Tableau Software Inc (NYSE:DATA) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Tableau Software Inc in connection with certain allegedly false and misleading statements made between June 3, 2015 and February 4, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Tableau Software Inc (NYSE:DATA) common shares between June 3, 2015 and February 4, 2016, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between June 3, 2015 and February 4, 2016, the defendants made false and/or misleading statements and/or failed to disclose that product launches and upgrades by major software competitors were negatively impacting Tableau’s competitive position and profitability, and that as a result of the foregoing, Tableau’s financial statements were materially false and misleading at all relevant times. Tableau Software Inc reported that its annual total Revenue rose from $232.44 million in 2013 to $412.62 million in 2014 while its Net Income declined from $7.08 million in 2013 to $5.87 million in 2014. Shares of Tableau Software Inc (NYSE:DATA) grew from $54.61 per share in May 2014 to as high as $127.44 per share in July 2015.

On August 7, 2015, Tableau Software Inc filed a quarterly report on Form 10-Q reaffirming financial results issued in a July 29, 2015 press release On February 4, 2016, Tableau Software Inc reported results for its fourth quarter and fiscal year ended December 31, 2015. Among other things, Tableau Software Inc reported that its annual total Revenue rose from $412.62 million in 2014 to $653.59 million in 2015 while its Net Income of $5.87 million in 2014 declined to a Net Loss of $83.7 million in 2015.

Date Settled