Anyone who bought Commvault Systems stock between April 29, 2025 and January 26, 2026 had until July 17, 2026 to get in touch with the Schall Law Firm about a securities class action against the company (NASDAQ: CVLT). The Los Angeles firm issued a reminder about the case on June 22.
The complaint rests on Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, the SEC’s anti-fraud rule.
The allegation centers on ARR growth. According to the complaint, Commvault gave investors overwhelmingly positive statements about it while knowing, or recklessly disregarding, that its growth guidance left out important variables, the type of sale among them. The suit says that made the company’s public statements false and materially misleading for the whole class period. When the market learned the truth, the complaint says, investors suffered damages.
Schall invited affected investors to call or write Brian Schall, who works from the firm’s Century Park East office in Los Angeles, to talk through their rights at no charge.
The firm was careful to spell out one point. The class has not been certified. Until it is, investors are not represented by an attorney, and anyone who does nothing simply remains an absent class member.
Schall describes itself as a national shareholder rights litigation firm that represents investors around the world and specializes in securities class actions.
Sources
- CVLT Investors Have Opportunity to Lead Commvault Systems, Inc. Securities Fraud Lawsuit with the Schall Law Firm
- CVLT Investors Have Opportunity to Lead Commvault Systems, Inc. Securities Fraud Lawsuit with the Schall Law Firm
- CVLT Investors Have Opportunity to Lead Commvault Systems, Inc. Securities Fraud Lawsuit with the Schall Law Firm
