CURRENT SHAREHOLDERS: Zamansky LLC Investigates VMware, Inc. (NYSE: VMW) for Potential Breaches of Fiduciary Duties
June 02 2020 - 12:28PM
Business Wire
Zamansky LLC announces that it is investigating VMware, Inc.
(VMW) (“VMware” or the “Company”) for potential breaches of
fiduciary duties by VMware’s senior officers and board of
directors. If you are a shareholder of VMware who still holds your
shares, please contact our firm for information.
A series of recent revelations have come to light regarding an
SEC investigation regarding a backlog of unfilled orders that was
allegedly not in compliance with all relevant accounting and
disclosure requirements. On February 27, 2020, VMware filed an 8-K
statement announcing that, “[i]n December 2019, the staff of the
Enforcement Division of the [SEC] requested documents and
information related to VMware’s backlog and associated accounting
and disclosures.” The Form 8-K also advised investors that,
although “VMware is fully cooperating with the SEC’s
investigation,” it was “unable to predict the outcome of this
matter at this time.”
According to Jake Zamansky, investment fraud attorney, VMware’s
officers and directors owe the Company and its shareholders
fiduciary duties. “The recent announcements regarding these very
serious allegations raise potential concern for investors,”
Zamansky says. “Our law firm is investigating whether the officers
and directors have breached their duties to VMware and its
shareholders.”
What VMware Shareholders Can Do
If you are a current shareholder of VMware who still holds your
stock, please contact us to review or discuss your legal rights.
You may, without obligation or cost to you, email jake@zamansky.com
or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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Zamansky LLC 50 Broadway - 32nd Floor New York, NY 10004 Jake
Zamansky, 212-742-1414 jake@zamansky.com
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