NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of VMware, Inc. (NYSE: VMW), resulting from allegations that VMware may have issued materially misleading business information to the investing public.
On February 27, 2019, VMware announced an SEC investigation into its backlog of unfilled orders. A “backlog” is an important metric to investors, as it helps inform predictions of future revenue. VMware said the SEC requested a series of documents and information related to its backlog and associated accounting and disclosures in December 2019.
Since the announcement, the company’s share price has dropped more than $23 per share or about 16%, on heavy trading.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by VMware investors. If you purchased shares of VMware please visit the firm’s website at http://www.rosenlegal.com/cases-register-1795.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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