PR Newswire | Feb 24, 2021 08:21AM EST

Investigates Splunk; Should Management be Held Accountable for Investors Losses?

02/24 07:20 CST

Did You Acquire Splunk (SPLK) Before October 21, 2020? Johnson Fistel Investigates Splunk; Should Management be Held Accountable for Investors Losses? SAN DIEGO, Feb. 24, 2021

SAN DIEGO, Feb. 24, 2021 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of Splunk, Inc. (NASDAQ: SPLK) against certain of its officers and directors.

Specifically, a class action lawsuit was filed in federal court earlier this year against the Company on behalf of purchasers of Splunk's securities from October 21, 2020 and December 2, 2020 (the "Class Period"). According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a shareholder ofSplunk continuously holding shares before October 21,2020, you may have standing to hold Splunk harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.[click here to join this action]. There is no cost or obligation to you.

If you are interested in learning more about your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If you email, please include your phone number.

If you have continuously held Splunk stock since before October 21,2020, you can [click here to join this action].There is no cost or obligation to you.

About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471 jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP