Robbins Geller Rudman & Dowd LLP announced on March 24 that it is seeking lead plaintiffs for a class action lawsuit against Gartner, Inc. The case, filed as Schmidt v. Gartner, Inc., aims to represent individuals who purchased or acquired Gartner common stock and alleges violations of the Securities Exchange Act of 1934 by the company and certain executive officers.
The issue is significant for investors who experienced substantial losses following declines in Gartner’s contract value growth and Consulting segment revenue. The law firm said motions to serve as lead plaintiff must be filed with the court no later than May 18, 2026.
According to the complaint, defendants are accused of making false or misleading statements regarding reliable information about Gartner’s contract value growth potential and projected Consulting segment revenue outlook. It also alleges that executives minimized risks from seasonality and macroeconomic changes while suggesting improvements among companies affected by tariffs would support continued growth. However, the suit claims that non-federal contract value growth declined further as Consulting segment revenues fell below internal projections.
The lawsuit states that on August 5, 2025, Gartner reported its second quarter fiscal results showing overall contract value growth dropping from seven percent to five percent compared to the previous quarter; ex-federal contract value dropped from eight percent to six percent. Following this announcement, shares reportedly fell more than twenty-seven percent. Another decline was revealed on February 3, 2026 when both federal-included and excluded contract values faltered by two percent each and a significant shortfall in Consulting performance was disclosed—resulting in an additional near twenty-one percent drop in share price.
Under federal law, any investor who bought or acquired shares during the class period may seek appointment as lead plaintiff if they have a significant financial interest in the relief sought. Lead plaintiffs direct litigation for all other members of the class but do not need to serve in order to participate in any recovery.
Robbins Geller Rudman & Dowd LLP describes itself as one of the world’s leading firms representing investors in securities fraud cases. The firm ranked first on ISS Securities Class Action Services’ Top 50 Report for recovering over $916 million for investors in 2025—a fourth top ranking within five years—and says it has recovered $8.4 billion over five years.
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