Nutanix, Inc. USDC – Northern District of California May 1, 2023 Class Period: 9/21/2021 – 3/6/2023Lead Plaintiff Deadline: 6/13/2023 Join Investigation Principle Contacts Pamela MayerPMayer@kaplanfox.com NEW YORK, NY – May 1, 2023 – Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of investors who purchased or otherwise acquired the securities of Nutanix, Inc. (“Nutanix” or the “Company”) (NASDAQ: NTNX) between September 21, 2021 and March 6, 2023, inclusive (the “Class Period”). Click Here to Join Investigation. If you acquired Nutanix securities during the Class Period and would like to discuss this case, please click here. You may also contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003. If you are a member of the proposed Class, you may move the court no later than June 13, 2023 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process. On March 6, 2023 after the market closed, Nutanix announced that the Company would be unable to timely file its quarterly report for the quarter ended January 31, 2023. The Company disclosed that “[t]he Audit Committee of the Company’s Board of Directors (the “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[,]” and that “[i]t is likely that additional costs would be incurred to address the additional use of the software.” During the conference call held the same day, the Company’s CEO explained that the Company would be required to pay the cost of using software from a third-party provider beyond the scope of its intended usage over a multi-year period. Following this news, the price of Nutanix stock fell $2.27 per share, or 7.89%, to close at $26.50 per share on March 7, 2023. WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: Pamela MayerKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(646) 315-9003E-mail: pmayer@kaplanfox.com Laurence D. KingKAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704Fax: (415) 772-4707E-mail: lking@kaplanfox.com Connect with Kaplan Fox. Receive a complimentary case review now. Contact Us PowerSchool Holdings, Inc. See the Case Jabil, Inc. See the Case Zoetis, Inc. See the Case Globe Life Inc. See the Case Uniswap Labs See the Case Luna Innovations Incorporated See the Case Perion Network Ltd. See the Case Autodesk, Inc. See the Case Shoals Technologies Group, Inc. See the Case Vuzix Corporation See the Case bluebird bio, Inc. See the Case Sonder Holdings Inc. See the Case PowerSchool Holdings, Inc. See the Case Jabil, Inc. See the Case Zoetis, Inc. See the Case Globe Life Inc. See the Case Uniswap Labs See the Case Luna Innovations Incorporated See the Case Perion Network Ltd. See the Case Autodesk, Inc. See the Case Shoals Technologies Group, Inc. See the Case Vuzix Corporation See the Case bluebird bio, Inc. See the Case Sonder Holdings Inc. See the Case
