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Publication Date: 2026-08-12 13:58:00
San Francisco, California–(Newsfile Corp. – June 1, 2023) – Hagens Berman urges Nutanix, Inc. (NASDAQ: NTNX) investors who suffered substantial losses to submit your losses now.
Class Period: Sept. 21, 2021 – Mar. 6, 2023
Lead Plaintiff Deadline: June 13, 2023
Visit: www.hbsslaw.com/investor-fraud/NTNX
Contact An Attorney Now: NTNX@hbsslaw.com
844-916-0895
Nutanix, Inc. (NTNX) Securities Fraud Class Action:
According to the complaint, Defendants made false and misleading statements and failed to disclose that: (1) Nutanix maintained deficient internal controls related to its use of licensed software and expense management; (2) as a result of these deficiencies, it improperly used third-party evaluation software for business purposes over a multi-year period; and (3) investigation and remediation of the foregoing by paying vendors the full cost to use their software would result in the company incurring significant expenses.
Investors began to learn the truth on Mar. 6, 2023, when Nutanix abruptly announced that it would not timely file its quarterly financial report for the quarter ended Jan. 31, 2023. The company explained that its Audit Committee, with the assistance of outside counsel, is “conducting an investigation following Company management’s discovery that certain evaluation software from one of the Company’s third-party providers was instead used for interoperability testing, validation and customer proofs of concept over a multi-year period.” Nutanix also…
