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LOS ANGELES, Aug. 28, 2020 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Anaplan, Inc. (“Anaplan” or “the Company”) (NYSE: PLAN) investors that acquired securities between November 21, 2019 and February 26, 2020.
According to the complaint, the Anaplan made misleading and/or misleading statements to the market. Anaplan suffered from challenges in relation to both its sales organization as well as its strategic execution. Due to these challenges, Anaplan failed to close major deals. These failures made Anaplan’s claim of “calculated billings growth” baseless. Throughout the class period, the Company’s public statements were false and/or materially misleading. Investors suffered damages when the market learned the truth about Anaplan.
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