Snapshot from Aug 03, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / Commvault Securities Class Action Lawsuit
Regulatory securities class action

Commvault Securities Class Action Lawsuit

Analysis based on 174 articles · First reported Jun 12, 2026 · Last updated Jul 17, 2026

Sentiment
-60
Attention
3
Articles
174
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

Commvault's stock fell 31% on January 27, 2026, erasing significant market value. The ongoing litigation and insider sales may further pressure the stock and investor confidence.

Software Cybersecurity
Event Summary

Multiple law firms have filed securities class action lawsuits against Commvault, Inc. (NASDAQ: CVLT) alleging that the company and certain executives made false and misleading statements regarding its annualized recurring revenue (ARR) growth. The class period covers purchases between January 28, 2025 and January 26, 2026. On January 27, 2026, Commvault reported Q3 fiscal 2026 results with net new ARR of $39 million, missing guidance of $45 million, causing a 31% stock price drop. The lawsuits claim defendants failed to disclose the impact of sales mix, particularly increased SaaS deals with lower ASPs, on ARR growth. Executives Sanjay Mirchandani, Bank of America — Merrill (company), and Danielle Nicole Abrahamsen sold over $9.4 million in stock between February and May 2026. The lead plaintiff deadline is July 17, 2026.

Key Actions
100 United States — City of Fort Lauderdale Police and Firefighters Retirement System filed securities class action Commvault
98 Robbins LLP filed class action lawsuit Commvault
94 Bronstein, Gewirtz & Grossman, LLC filed class action lawsuit Commvault
93 Robbins Geller Rudman & Dowd LLP filed class action lawsuit Commvault
91 Commvault made misleading statements
90 Hagens Berman filed class action lawsuit Commvault
90 The Law Offices of Frank R. Cruz filed lawsuit Commvault
90 Faruqi & Faruqi investigated potential claims Commvault
89 Pomerantz LLP filed class action lawsuit Commvault
85 Sanjay Mirchandani sold shares
85 Hagens Berman investigating claims Commvault
85 Hagens Berman investigating claims Commvault
81 The Law Offices of Frank R. Cruz announced opportunity to lead lawsuit
80 Bank of America — Merrill (company) sold shares
76 Rosen Law Firm reminds purchasers
+ 11 more actions View on Dashboard
Entities Involved
stock
Commvault
Defendant in securities class action; stock dropped 31% after missing ARR guidance; faces potential liability.
Importance 100.0 Sentiment -70.0
per
Sanjay Mirchandani
CEO; sold approximately $7 million in stock post-disclosure; named as defendant in lawsuit.
Importance 80.0 Sentiment -60.0
subs
Bank of America — Merrill (company)
CFO; sold over $2.1 million in stock; named as defendant.
Importance 70.0 Sentiment -60.0
per
Danielle Nicole Abrahamsen
Chief Accounting Officer; sold over $305,000 in stock; disclosed SaaS mix impact on earnings call.
Importance 60.0 Sentiment -50.0
per
Reed Kathrein
Reed Kathrein is a partner at Hagens Berman leading the firm's investigation into Commvault.
Importance 30.0 Sentiment 40.0
priv
Bronstein, Gewirtz & Grossman, LLC
Law firm representing investors in the class action.
Importance 30.0 Sentiment 0.0
priv
Rosen Law Firm
Law firm reminding investors of lead plaintiff deadline.
Importance 30.0 Sentiment 0.0
priv
Hagens Berman
Law firm investigating and representing investors; expanded class period.
Importance 30.0 Sentiment 0.0
priv
Pomerantz LLP
Law firm announcing class action lawsuit.
Importance 20.0 Sentiment 0.0
priv
The Schall Law Firm
Law firm reminding investors of class action.
Importance 20.0 Sentiment 0.0
priv
Robbins Geller Rudman & Dowd LLP
Law firm representing lead plaintiff in class action.
Importance 20.0 Sentiment 0.0
priv
Glancy Prongay & Murray
Law firm reminding investors of lead plaintiff deadline.
Importance 20.0 Sentiment 0.0
priv
Robbins LLP
Law firm urging stockholders to contact the firm regarding the deadline.
Importance 15.0 Sentiment 0.0
priv
The Law Offices of Frank R. Cruz
Law firm reminding investors of opportunity to lead lawsuit.
Importance 15.0 Sentiment 0.0
priv
Faruqi & Faruqi
Law firm reminding investors of lead plaintiff deadline.
Importance 15.0 Sentiment 0.0
+ 3 more entities View on Dashboard
Relationships
Commvault related ↔ Reed Kathrein
Commvault related ↔ Bronstein, Gewirtz & Grossman, LLC
Commvault related ↔ Rosen Law Firm
Commvault related ↔ Hagens Berman
Commvault related ↔ Pomerantz LLP
Reed Kathrein related ↔ Bronstein, Gewirtz & Grossman, LLC
Reed Kathrein related ↔ Rosen Law Firm
Reed Kathrein partner ↔ Hagens Berman Reed Kathrein is a partner at Hagens Berman, a national class-action law firm, where he leads investor, antitrust, and c
Reed Kathrein related ↔ Pomerantz LLP
Reed Kathrein related ↔ The Schall Law Firm
Bronstein, Gewirtz & Grossman, LLC co-counsel ↔ Rosen Law Firm Bronstein, Gewirtz & Grossman, LLC frequently collaborates with Rosen Law Firm as co-counsel on investor-rights class ac
Bronstein, Gewirtz & Grossman, LLC related ↔ Hagens Berman
Bronstein, Gewirtz & Grossman, LLC co-plaintiffs ↔ Pomerantz LLP Bronstein, Gewirtz & Grossman, LLC frequently collaborates with Pomerantz LLP as co-plaintiffs in numerous class action
Bronstein, Gewirtz & Grossman, LLC competitor ↔ The Schall Law Firm Bronstein, Gewirtz & Grossman, LLC is a shareholder rights litigation firm that directly competes with The Schall Law Fi
Rosen Law Firm legal rivals ↔ Hagens Berman Rosen Law Firm frequently acts as a co-plaintiff with Hagens Berman in securities class action lawsuits against various
+ 5 more relationships View on Dashboard
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