Pivotal Software Escapes Investors' Stock-Drop Suit

Law360 (July 21, 2020, 11:10 PM EDT) -- A California federal judge on Tuesday tossed a proposed class action against cloud platform company Pivotal Software Inc. that had alleged its stock price dropped after the company made deceptive statements about its products and finances.

U.S. District Judge Charles R. Breyer granted Pivotal's March 27 motion to dismiss "because plaintiffs fail to plausibly allege that any statement was false or misleading."

Pivotal, a San Francisco-based information technology and software company, provided a cloud-native application platform — Pivotal Cloud Foundry — and strategic services.

The proposed class action accused the company of leaving important information off its registration statement and prospectus...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!