Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF COMMVAULT SYSTEMS, INC. (NASDAQ: CVLT)

Grabar Law Office is investigating claims on behalf of shareholders of Commvault Systems, Inc. (NASDAQ: CVLT). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Commvault Systems, Inc. provides cyber resiliency solutions for enterprises to protect, secure, and recover data, applications, and identity system. The company offers Operational Recovery for backup and recovery capabilities in hybrid enterprise workloads, such as backup, restore, recovery validation, and policy-based data movement to cloud storage; Autonomous Recovery, which adds automation , orchestration, and validation intended to reduce recovery times, downtime, and operational complexity; and Cyber Recovery, which adds cyber preparedness, threat detection, and clean recovery features to help organizations respond to ransomware and other cyber incidents. The company also provides Commvault Cleanroom Recovery, an isolated and on-demand recovery environment in the cloud; Commvault HyperScale Grid, an integrated and scale-out data protection solution; Commvault HyperScale Flex, a data protection solution designed to support enterprise-scale environments.

WHY? According to a recently filed securities fraud class action Complaint, it is alleged that Commvault Systems, Inc. (NASDAQ: CVLT), through certain of its officers, made materially false and misleading statements and/or failed to disclose material information pertaining to Commvault’s projected ARR growth for fiscal year 2026. Defendants’ statements included, among other things, misleading guidance and projections related to the Company’s new net ARR growth. Moreover, Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Commvault’s ARR growth environment; pertinently, Commvault knew or recklessly disregarded that the Company’s ARR growth guidance failed to properly factor in crucial variables, such as the type of sale.

WHAT CAN YOU DO NOW? If you purchased Commvault Systems, Inc. (NASDAQ: CVLT) shares prior to April 29, 2025, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased Commvault shares between April 29, 2025 to January 26, 2026, you can participate in the class action.

#CVLT #Commvault $CVLT

Please enter your name.
Please enter a valid phone number.
Please enter a message.
Send
  • This field is for validation purposes and should be left unchanged.

  • Join This Action

  • Alternatively, you may upload your transactions using the upload button below or email them to jgrabar@grabarlaw.com. *

  • Drop files here or
    Max. file size: 512 MB.
    • Clear Signature
      Signed pursuant to California Civil Code Section 1633.1, et seq. and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

    • Date of signing: *

    • MM slash DD slash YYYY

                                                                                               Attorney Advertising Disclaimer