b'earnings call, and filed its Form 10-K with the SEC10b-5 promulgated thereunder based on alleged false announcing strong sales performance and expectedand misleading statements and material omissions future sales performance for the fourth quarter andabout the companys positive business, operations, fiscal year 2019. Alphas Form 10-K also containedand prospects in connection with Huawei and Alphas risk disclosures warning of harm it could face fromvulnerability and adherence to federal regulations. trade restrictions and other regulatory restrictionsOn June 1, 2020 a lead plaintiff was appointed and on applicable to China-exported products. In NovemberAugust 28, 2020, the lead plaintiff filed a consolidated 2019, Alpha again reported strong financial results foramended complaint. On October 27, 2020, defendants its first quarter of fiscal year 2020 and issued solidmoved to dismiss the amended complaint which the guidance for its second quarter 2020. During a relatedcourt has taken under submission. investor call, Alphas EVP of Marketing acknowledged some softness in the 5G telecom business during the September quarter in the midst of trade tensions butPlumbers and Pipefitters Natl Pension Fund, that the company expect[ed] to maintain this segmentset. al., v. Tableau Software, Inc., et. al., Case revenue in the December quarter. Alpha also reiteratedNo. 17-CV-5753 (S.D.N.Y.) the prior risk disclosures in its November 2019 FormCompetitive Harm10-Q filed with the SEC.On February 5, 2020, Alpha issued a press releaseTableau Software, Inc. (Tableau) is a company that announcing financial results for its second quarter ofproduces software products to help people query, 2020 and disclosed that the U.S. Department of Justiceanalyze, and visualize data more easily. Throughout recently began investigating Alpha for compliance with2015, the company issued projections which did not export control regulations relating to certain businessaccount for any decline in technology deployment, and transactions with Huawei and requested that themade public statements that there had been no major company suspend shipments of its products to Huawei.competitive shifts since its 2013 IPO. On February 4, Alpha also disclosed that its financial performance in2016, the company announced in its Form 10-K thatthe March 2020 quarter would be negatively impactedan income tax expense due to recognition of aby around $4 million to $5 million in revenue due to the$46.7 million valuation allowance would likely disallow shipment interruption, and it expected to incur $1 millionthe company from generating income sufficient to to $2 million in professional and legal fees that quarterrealize its deferred tax assets. Later that day, during associated with the investigation. On February 6, 2020,an analyst call, the company announced that the Alphas stock fell 12%. competitive dynamic in the field had become more crowded and difficult over the years. The next day On February 10, 2020, Alpha disclosed in its FormTableaus stock price dropped by almost 50% from 10-Q that from May 2019 through December 2019 its$81.75 per share to $41.33 per share.estimated revenue from shipments to Huawei was $11Investors filed a putative class action against Tableau million to $13 million, and approximately $9 million ofand its officers alleging violations of Sections 10(b) that (2% of total revenues) was during the fiscal yearand 20(a) of the 1934 Act and Rule 10b-5 promulgated ending June 30, 2019.thereunder in connection with statements in Investors filed a putative class action lawsuit againstwhich defendants claimed a lack of problems from Alpha and certain of its officers alleging violationscompetition despite being aware that increased of Sections 10(b) and 20(a) of the 1934 Act and Rulecompetition from companies such as Microsoft 83'