Snapshot from Jul 19, 2026 at 14:14 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 20 articles · First reported Jul 06, 2026 · Last updated Jul 15, 2026

Sentiment
-40
Attention
3
Articles
20
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The lawsuit and allegations have already caused a significant drop in Commvault's stock price, and the ongoing litigation may continue to pressure the stock. Investor confidence could be further eroded if additional negative disclosures emerge or if the class action expands.

Software Cloud Computing
Event Summary

A securities class action lawsuit has been filed against Commvault, Inc. (NASDAQ: CVLT) alleging that the company and its senior executives made materially false and misleading statements about its business and financial prospects. The lawsuit, initially filed by the United States — City of Fort Lauderdale Police and Firefighters Retirement System and later expanded, covers investors who purchased Commvault securities between January 28, 2025, and January 26, 2026. The complaint alleges that Commvault misrepresented its competitive positioning, was forced to make significant concessions on price and contract duration, and that an increasing mix of SaaS sales negatively impacted margins and Net New ARR (NNARR). The truth emerged on January 27, 2026, when Commvault reported Q3 FY2026 results with NNARR of $39 million, missing analysts' expectations of $45 million, causing the stock to drop 31% to $89.13. Multiple law firms, including Hagens Berman and Rosen Law Firm, are investigating and reminding investors of the July 17, 2026 lead plaintiff deadline.

Key Actions
100 United States — City of Fort Lauderdale Police and Firefighters Retirement System filed securities class action Commvault
93 Commvault experienced stock decline
91 Commvault failed to achieve growth
76 Rosen Law Firm filed class action lawsuit Commvault
60 Hagens Berman investigating claims Commvault
Entities Involved
stock
Commvault
Commvault is the defendant in the securities class action, facing allegations of misleading investors about its competitive position and financial performance. The stock dropped 31% after the earnings miss, and the lawsuit may lead to financial penalties and reputational damage.
Importance 100.0 Sentiment -60.0
priv
Rosen Law Firm
Rosen Law Firm is also reminding investors of the lead plaintiff deadline and is involved in the class action. The firm is competing for lead counsel position.
Importance 40.0 Sentiment 0.0
priv
Hagens Berman
Hagens Berman is one of the law firms investigating the claims and representing investors in the class action. The firm is actively seeking lead plaintiff role and has expanded the class period.
Importance 40.0 Sentiment 0.0
govactor
United States — City of Fort Lauderdale Police and Firefighters Retirement System
This pension fund is the named plaintiff in the expanded class action lawsuit against Commvault. Its role is to represent the class of investors.
Importance 30.0 Sentiment 0.0
per
Reed Kathrein
Reed Kathrein is the Hagens Berman partner leading the investigation of the claims against Commvault. He is a key attorney in the case.
Importance 20.0 Sentiment 0.0
per
Danielle Nicole Abrahamsen
Danielle Nicole Abrahamsen, as Chief Accounting Officer of Commvault, disclosed the increased SaaS mix and its impact on ARR during the Q3 earnings call, which triggered the stock decline. She is mentioned in the lawsuit as a company executive.
Importance 20.0 Sentiment -10.0
per
Lawrence Rosen
Lawrence Rosen is the founding partner of Rosen Law Firm, which is involved in the class action. He is a prominent plaintiffs' attorney.
Importance 15.0 Sentiment 0.0
per
Philip Kim
Philip Kim is an attorney at Rosen Law Firm handling the Commvault case, providing contact information for investors.
Importance 10.0 Sentiment 0.0
govactor
United States — United States Securities and Exchange Commission
The SEC is mentioned in the context of its whistleblower program, which may incentivize individuals to provide information about Commvault's alleged misconduct.
Importance 10.0 Sentiment 0.0
Relationships
Commvault related ↔ Rosen Law Firm
Commvault related ↔ Hagens Berman
Commvault related ↔ Reed Kathrein
Rosen Law Firm related ↔ Hagens Berman
Rosen Law Firm related ↔ Reed Kathrein
Rosen Law Firm related ↔ Lawrence Rosen
Rosen Law Firm related ↔ Philip Kim
Rosen Law Firm none ↔ United States — United States Securities and Exchange Commission Rosen Law Firm has no direct structural or regulatory relationship with the SEC. The firm's connection to the agency is
Hagens Berman related ↔ Reed Kathrein
Hagens Berman related ↔ Lawrence Rosen
Hagens Berman related ↔ Philip Kim
Hagens Berman related ↔ United States — United States Securities and Exchange Commission
Reed Kathrein related ↔ Lawrence Rosen
Reed Kathrein related ↔ Philip Kim
Reed Kathrein related ↔ United States — United States Securities and Exchange Commission
+ 3 more relationships View on Dashboard
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