June 22, 2016
A class of investors accusing data storage provider Violin Memory of concealing revenue problems before its $146 million initial public offering asked a California federal court on Tuesday for final approval of a $7.5 million settlement agreement, and an award of $1.8 million in fees.
October 28, 2015
Two investors accusing data-storage provider Violin Memory of concealing revenue problems before its $146 million initial public offering told a California federal judge Tuesday that the company is trying to defeat their class certification bid by falsely painting them as atypical shareholders without control over their lawyers.
October 14, 2015
Data storage provider Violin Memory and its initial public offering underwriters said Tuesday that IPO investors suing in California federal court over allegedly concealed revenue problems should be denied class status, accusing the investors' lawyers of using "gamesmanship" to expand the litigation through class certification.
September 23, 2015
Investors accusing data storage provider Violin Memory Inc. and its underwriters of concealing revenue problems with the company in the run-up to its $146 million initial public offering asked a California federal judge on Tuesday to certify their proposed class.
April 30, 2015
A California federal judge on Thursday shaved down an investor class action alleging data storage firm Violin Memory Inc. failed to tell investors about revenue problems in the runup to its $146 million initial public offering, but allowed liability claims against the IPO's underwriters to move forward.
January 26, 2015
Investors of data storage firm Violin Memory Inc. told a California federal judge on Friday that their amended class action alleging the company concealed revenue problems ahead of its $146 million initial public offering in 2013 is sufficiently pled, fighting back at the company's bid to have the entire suit tossed.
December 22, 2014
Violin Memory Inc. and the underwriters for its $146 million initial public offering last year asked a California federal judge to dismiss with prejudice most of the derivative claims alleging that the data storage firm concealed problems ahead of its offering, arguing that the investors have not properly amended previously dismissed claims.
November 04, 2014
A California federal judge on Friday trimmed a consolidated investor class action alleging data storage firm Violin Memory Inc. made false or misleading statements ahead of its $146 million initial public offering last year by concealing the company's product development and revenue problems.