New York, New York–(Newsfile Corp. – August 28, 2020) – The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Anaplan Inc. (NYSE: PLAN) alleging that the Company violated federal securities laws.
Class Period: November 21, 2019 and February 26, 2020
Lead Plaintiff Deadline: October 23, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Anaplan Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was undergoing sales organization and execution challenges; (2) these organizational challenges were causing the Company to miss on closing very important large deals; and (3) as a result, Anaplan’s financial guidance for “calculated billings growth” was baseless and unattainable. Further, while in possession of this material non-public information, Anaplan insiders dumped approximately $30 million worth of Anaplan stock at artificially inflated prices.
Shareholders have until October 23, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
For additional information about the PLAN lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62753