On July 28, 2017, the initial complaint in this securities class action was filed against Tableau Software, Inc. (“Tableau”), and certain of Tableaus directors, officers and underwriters, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) product launches and upgrades by major software competitors were negatively impacting Tableau’s competitive position and profitability; and (2) as a result of the foregoing, Tableau’s financial statements were materially false and misleading at all relevant times.
On January 16, 2020, the Court issued an Order certifying the class as all persons and entities that purchased or otherwise acquired shares of Tableau Software, Inc.’s Class A common stock between February 5, 2015 and February 4, 2016.
Current Status of Case:
On October 30, 2020, the Court ordered defendants to produce certain documents and other information that had not been produced during discovery. In connection with that order, the Court stayed the deadlines for filing certain motions until this issue is resolved. This action is still ongoing.
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Kessler Topaz Meltzer & Check, LLP
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