TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

VMWare Inc (NYSE: VMW) Investor Securities Class Action Lawsuit 11/24/2008

  • If you purchased shares of VMWare Inc (NYSE: VMW), you might have certain options and should contact 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

Case Dismissed
Company
VMWare Inc.
Security
NYSE: VMW

Case Name
VMWare Shareholder Class Action Lawsuit 11/24/2008
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Central District of California

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to VMWare Inc..
Summary

January 21, 2009 - The plaintiff filed a notice of voluntary dismissal without prejudice.
November 24, 2008 - An investor in shares of VMWare Inc (NYSE: VMW) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by VMWare Inc in connection with certain allegedly false and misleading statements made between April 22, 2008 and July 22, 2008.

The complaint alleges that as a direct result of the market learning of defendant’s misrepresentations and omissions, the price of VMWare Inc shares declined and plaintiff suffered a loss on their investments in VMWare Inc. By misrepresenting VMWare Inc’s financial performance, defendants presented a misleading picture of its business and prospects. Thus, instead of truthfully disclosing April 22, 2008 through July 22, 2008 that VMWare Inc business was not as healthy as represented, defendants failed to disclose VMWare Inc actual financial position. The public revelations regarding the truth about VMWare Inc’s business and financial performance, when disclosed to the market, caused the value of the VMWare Inc’s common stock to decline, thereby damaging plaintiff, so the lawsuit.