Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Urges VMware (VMW) Investors Who Have Suffered Significant Losses to Contact its Attorneys: Investigation into Possible Securities Fraud Ongoing

share with twitter share with LinkedIn share with facebook
share via e-mail
03/26/2020 | 05:39pm EDT

SAN FRANCISCO, March 26, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges investors in VMware, Inc. (NYSE: VMW) who have suffered significant to submit their losses now.  Certain investors may have valuable claims.

Relevant Holding Period: Before Feb. 28, 2020
Sign Up: www.hbsslaw.com/investor-fraud/VMW
Contact An Attorney Now: VMW@hbsslaw.com

VMware, Inc. (VMW) Investigation:

The investigation centers on whether VMware may have misled investors about its financial results, including the Company’s reported backlog and associated accounting and disclosures.

In past quarters, VMware has touted its backlog, which the Company represents is comprised of unfulfilled purchase orders or unfulfilled executed agreements received at the end of a given period.  VMware’s backlog is an important metric to investors as it helps gauge the pace of the Company’s sales and production efficiency. 

But, on Feb. 27, 2020, after the market closed, the Company announced disappointing Q4 results and disclosed that in Dec. 2019 the SEC requested documents and information related to VMware’s backlog and associated accounting and disclosures.  Significantly, on the Q4 2019 earnings call, VMware disclosed that its total backlog was only $18 million, down massively from $449 million in the year-ago quarter.  This news sent the price of VMware shares sharply lower the next day. 

“We’re focused on investors’ losses and whether VMware may have manipulated its backlog metric,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

Whistleblowers: Persons with non-public information regarding VMware should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email VMW@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 844-916-0895


Primary Logo

© GlobeNewswire 2020
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
08:53pGRUPO AEROPORTUARIO DEL PACÍFICO B DE C : Pacifico reports passenger traffic decrease of 30.2% for the month of march
08:46pYield Growth Announces Delay in Filing Under CSA Instrument Governing Relief under COVID-19 Duress
07:35pAPRIL DEADLINE NOTICE : The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Luckin Coffee Inc. and Encourages Investors with Losses in Excess of $1,000,000 to Contact the Firm
07:30pWOMPLY : Registered as Loan Agent for SBA Paycheck Protection Program to Help Dying Small Businesses Get Stimulus Cash Fast
06:33pU.S. dairy farmers dump milk
06:10pBANK OF NOVA SCOTIA : Canada's Big Six banks cut credit card interest rates to ease coronavirus impact
06:10pTORQUE ESPORTS : Barrichello, Magnussen and esports racer Siggy take wins in The Race All-Star esports racing series
05:51pNOS SGPS S A : 04-04-20 - NOS informs on announcement by Sonaecom, SGPS, S.A.
05:01pGSS ALERT : ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against Golden Star Resources Ltd. – GSS
04:29pBANK OF MONTREAL : BMO Bank of Montreal Announces New Credit Card Rates For Consumers and Small Businesses Affected by COVID-19
Latest news "Companies"