7 days left to seek lead plaintiff status
Case Summary
Company Name Splunk Inc.
Stock Symbol SPLK
Class Period August 26, 2020 to December 2, 2020
Motion Deadline February 2, 2021

The Thornton Law Firm alerts Splunk investors that a class action lawsuit has been filed on behalf of investors who purchased Splunk stock or other securities (NASDAQ: SPLK) between August 26, 2020 and December 2, 2020. Investors may email investors@tenlaw.com or call 617-531-3917.

Splunk investors have until February 2, 2021 to apply to be a lead plaintiff. Investors do not need to be a lead plaintiff in order to be eligible to recover as class members. The case alleges that Splunk and its senior executives made misleading statements to investors and failed to disclose that: (a) Splunk was facing pushback from clients across its largest and most important accounts as it attempted to implement a new pricing model and secure customer renewals; (b) Splunk had failed to close several deals with its largest customers; and (c) Splunk had fallen far behind previously announced financial targets.

The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor’s share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Splunk investors have until February 2, 2021 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm's securities attorneys represent individual and institutional investors in lawsuits to recover damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Splunk Inc. (SPLK) securities.

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