The CEO, CFO, and entire board of directors are sued for securities fraud and insider trading. This is because of lying aboutvthrir Q3 2020 earnings and related to company's failed cloud transition that customers don't want subscription service and let splunk host their syslogs.
Entire management coming down and company yo be sold and mucho layoffs.
So the checked SF online courts website and those 3 lawsuits are being consolidated into a class action lawsuit for all Splunk shareholders for securities fraud and insider trading against the execs and entire board of directors.
last poster, thanks for giving confirmation out company is toxic. Jesus Christ
Last poster don't be a stupid person go google it.
Is there a link or anything to back up that lease break claim?
Splunk is full remote now they had a long term lease for the new Santana Row office building in San Jose that they have to pay a HUGE penalty to break the lease. They have no choice they're struggling financially.
If you rescue me and I get out of here will the bad people try to hurt me?
Please someone stop the stock from splunking further
More layoffs at splunk coming soon. WATCH.
Last poster. It's blaring horns that the company is going under because of a failed cloud strategy they do on-prem hosting and customers refuse to hand iover their logs to splunk to manage for subscription licensing.
cases like this get filed every time a stock drops >20%, doesn't mean anything. nothing ever comes of them.
suck it beeotch
CMO Carrie Palin either got fired or quit. Another exec disposed of.
They're incompetent and failed at cloud but they're also criminals who need to be imprisoned and shackled.
I saw all the splunk lawsuits filed in San Francisco courts they include harassment and discrimination, bodily injury, and latest include securities fraud and insider trading.
IT'S OVER.
Go to the San Francisco Courts Online and search for the cases below. CEO, CFO, and entire Board of Directors sued for securities fraud enforced by Sarbanes-Oxley to prevent another Enron. Also, CEO, CFO, and Independent Chairman of the Board are being sued for insider trading. Failed cloud strategy is very brutal.
These lawsuits will be consolidated into a first class action lawsuit on behalf of all Splunk shareholders as the Market Cap was wiped out of $10 billion in value in 7 months.
https://www.sfsuperiorcourt.org/online-services
PATRICK SUDOL VS. DOUGLAS S. MERRITT ET AL
CGC-21-590671
BRUCE MOWERY VS. DOUGLAS S. MERRITT ET AL
CGC-21-590673
MICHAEL LESLIE ET AL VS. DOUGLAS S. MERRITT ET AL
CGC-21-589794
You can see all Splunks lawsuits filed in San Francisco by searching for their name in the online case search. This doesn't include lawsuits filed in other states or internationally.
https://www.sfsuperiorcourt.org/online-services
I saw the lawsuit and licked my lips
This is the end of those boo-boos
Go to the San Francisco Courts Online and search for the cases below. CEO, CFO, and entire Board of Directors sued for securities fraud enforced by Sarbanes-Oxley to prevent another Enron. Also, CEO, CFO, and Independent Chairman of the Board are being sued for insider trading. Failed cloud strategy is very brutal.
https://www.sfsuperiorcourt.org/online-services
BRUCE MOWERY VS. DOUGLAS S. MERRITT ET AL
CGC-21-590671
BRUCE MOWERY VS. DOUGLAS S. MERRITT ET AL
CGC-21-590673
BRUCE MOWERY VS. DOUGLAS S. MERRITT ET AL
CGC-21-589794
What a load of BS
Is there any backup to support this?