What is the Commvault lead plaintiff deadline?

According to the public investor notices, the deadline to ask the court to be appointed lead plaintiff is July 17, 2026. Being a class member does not require seeking lead-plaintiff status; investors who do nothing may still be part of any class if one is certified.

Do I need to do anything to join the Commvault class action?

No. At this stage there is nothing to file. Investors who did nothing would still be part of any class that is eventually certified. Only an investor who wants to seek appointment as lead plaintiff must act by the July 17, 2026 deadline.

Commvault Securities Class Action (CVLT)

Q: Is there a Commvault settlement or claim form for this securities lawsuit?

No. Imbert v. Commvault Systems, Inc. is a newly filed securities-fraud complaint. There is no certified class, no settlement, and no claim form. The allegations are unproven and Commvault has not been found liable.

Q: Who could be covered by the proposed Commvault investor class?

The complaint proposes a class of investors who purchased or acquired Commvault Systems, Inc. (NASDAQ: CVLT) securities between April 29, 2025 and January 26, 2026, inclusive. Class membership is not finalized; a court must still rule on certification.

Q: What does the Commvault securities lawsuit allege?

The complaint alleges Commvault and certain executives made materially misleading statements that its recurring-revenue growth would stay steady, while an accelerating shift toward shorter-duration, lower-priced SaaS subscriptions would suppress net new annualized recurring revenue (ARR). These are unproven allegations.

Published July 14, 2026

If you bought Commvault (CVLT) stock between April 2025 and January 2026, here is what the investor suit claims — and the July 17 lead-plaintiff deadline that may apply to you.

By Steve Levine

Editor-in-Chief

▼ Allegations Only · No Settlement Yet

This article describes a securities class action complaint. The statements below are unproven allegations. Commvault Systems, Inc. has not been found liable, there is no certified class, and nothing to claim at this time. This page is informational and is not legal or investment advice.

What Is This About?

A securities-fraud class action complaint, captioned Imbert v. Commvault Systems, Inc., et al., No. 3:26-cv-05654, has been filed in the U.S. District Court for the District of New Jersey against Commvault Systems, Inc. (NASDAQ: CVLT) and certain of its senior officers. The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Commvault securities between April 29, 2025 and January 26, 2026.

Commvault is a data-protection company that sells backup, recovery, and cyber-resilience software, increasingly through cloud-based subscriptions. The complaint alleges that, throughout the class period, Commvault and its executives created a misleading impression that the company's annualized recurring revenue (ARR) growth would remain steady — allegedly downplaying how an accelerating shift toward shorter-duration, lower-priced SaaS subscriptions would weigh on net new ARR. The allegations are unproven, and Commvault has not responded to them in court at this stage.

Status Complaint Filed Imbert v. Commvault Systems, Inc., No. 3:26-cv-05654 (D.N.J.)

Proposed Class Period April 29, 2025 – January 26, 2026 Purchasers of Commvault (NASDAQ: CVLT) securities

Lead Plaintiff Deadline July 17, 2026 Date to ask the court to lead the case (not required to be a class member)

Can I Claim? No — nothing to claim yet

What Allegedly Happened

According to the complaint and public investor notices, the alleged truth reached the market on January 27, 2026, when Commvault released fiscal third-quarter 2026 results. The company reported net new ARR of roughly $39 million — below its previously guided figure of about $45 million — which the complaint frames as revealing the pressure on recurring-revenue growth that plaintiffs say had been concealed.

On that news, Commvault shares fell about 31% — a drop of roughly $40.23 per share, from a $129.36 close on January 26, 2026 to an $89.13 close on January 27, 2026 — an alleged market-value loss of about $1.7 billion. The complaint seeks to recover losses for investors who purchased CVLT during the class period. Whether any of these allegations can be proven remains to be decided by the court.

Who Is Affected

The proposed class consists of investors who purchased or otherwise acquired Commvault Systems, Inc. (NASDAQ: CVLT) securities during the proposed class period of April 29, 2025 through January 26, 2026, inclusive. A separate, expanded complaint later filed by additional counsel seeks to extend the class period back to January 28, 2025. No class has been certified yet, so membership is not final. This is an investor case — it concerns statements made to shareholders and the price of CVLT stock, not Commvault's software, customers, or employees.

What Happens Next

This case is at the earliest stage. Under the Private Securities Litigation Reform Act, the public investor notices give investors until July 17, 2026 to ask the court to be appointed lead plaintiff — the investor, often an institution with a large loss, who directs the litigation on behalf of the class. An investor does not need to seek lead-plaintiff status, or do anything at all, to potentially share in any future recovery if a class is certified and the case ultimately succeeds or settles.

From here, the court will appoint a lead plaintiff and lead counsel, an amended complaint will typically be filed, and Commvault is expected to move to dismiss. Many securities class actions are resolved years after filing, and a large share are dismissed; there is no guarantee of any recovery. There is no settlement and no claim form at this time. If a settlement is ever reached, OpenClassActions will update this page with the deadline, fund amount, and filing instructions.

Frequently Asked Questions

Is there a settlement or claim form yet?

No. This is a newly filed complaint. There is no certified class, no settlement, and no claim form. Nothing can be claimed at this stage.

Who is in the proposed class?

Investors who purchased or acquired Commvault (NASDAQ: CVLT) securities between April 29, 2025 and January 26, 2026, inclusive. The class is not finalized — a court must still rule on certification.

What does the lawsuit allege?

That Commvault and certain executives made materially misleading statements that its recurring-revenue growth would stay steady, while an accelerating shift toward shorter-duration, lower-priced SaaS subscriptions would suppress net new annualized recurring revenue (ARR). These are unproven allegations.

What is the lead plaintiff deadline?

The public investor notices list July 17, 2026 as the deadline to move for appointment as lead plaintiff. Seeking lead-plaintiff status is optional and is not required to remain part of any certified class.

Do I need to do anything right now?

No. There is nothing to file at this stage. Only an investor who wants to seek appointment as lead plaintiff must act by the July 17, 2026 deadline.

Sources

Free settlement alerts

Join thousands of readers who get the latest class action settlements you may qualify for — delivered straight to your inbox.

For more class actions keep scrolling below.

Status Complaint Filed

Case Title Imbert v. Commvault Systems, Inc., et al.

Case Number 3:26-cv-05654

Court U.S. District Court, District of New Jersey

Class Period April 29, 2025 – January 26, 2026

Lead Plaintiff Deadline July 17, 2026

Commvault Securities Class Action (CVLT): Recurring-Revenue Guidance and Imbert v. Commvault Systems

What Is This About?

What Allegedly Happened

Who Is Affected

What Happens Next