LOS ANGELES–(BUSINESS WIRE)–$VMW #VMW—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of VMware, Inc. (“VMware” or “the Company”) (NYSE: VMW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. VMware announced on February 27, 2020, that the SEC had opened an investigation of its backlog of orders. According to the Company, the SEC requested documents and information related to its backlog and accounting in December 2019. The backlog is vital for investors to predict future revenues. Based on this news, shares of VMware fell by about 16% in heavy trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.