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Robbins Arroyo LLP: Tableau Software, Inc. (DATA) Misled Shareholders According to a Recently Filed Shareholder Lawsuit

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Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of Tableau Software, Inc.
(NYSE:DATA) have filed a complaint against the company's officers and
directors for alleged breaches of fiduciary duties, unjust enrichment,
and violations of the Securities Exchange Act of 1934. Tableau provides
business analytics software products.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/tableau-software-inc-aug-2018/

Tableau Accused of Downplaying Competitive Threats

According to the complaint, Tableau assured the public in press
releases, presentations, and conference calls that the company would not
suffer from competitive pressures, even though several companies had
released products that would compete with Tableau's offerings. Tableau
downplayed competitive threats until February 4, 2016, when the company
revealed that it expected its 2016 first quarter revenue growth rate to
decline approximately 25% on a year-over-year basis and finally admitted
that its competitors' aggressively priced software was taking a toll on
Tableau's business. Tableau also indicated that it would probably not be
able to generate sufficient income to realize the benefits of its
deferred tax assets. On this news, Tableau's stock price fell over 54%
to close at $37.22 per share on February 8, 2016.

Tableau Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock
Watch
.

Attorney Advertising. Past results do not guarantee a similar outcome.

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