LOS ANGELES–(BUSINESS WIRE) – Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announced today that it is opening an investigation on behalf of Anaplan Inc. (“Anaplan” or the “Company”) (NYSE: PLAN) has) investors regarding possible violations of the company against the Federal Securities Act.
If you have suffered a loss on your Anaplan investments or would like to inquire about whether you may be able to make claims to recover your loss under federal securities laws, your contact information can be found at https://www.glancylaw.com/cases / submit to anaplan-inc /. You can also contact Charles H. Linehan of GPM at 310-201-9150, toll-free at 888-773-9224, or by email at Shareholder@glancylaw.com to learn more about your rights.
On February 27, 2020, Anaplan reported $ 126 million in billings for the fourth quarter of 2019, a growth rate of 25%, well below consensus estimates and roughly half the company's historical growth rates of 46% to 59% . The company attributed the shortfall to its inability to close some large deals towards the end of the quarter due to certain "management changes".
In that news, the company's share price fell $ 14.06 per share, or 25%, to close at $ 44.03 per share on February 27, 2020, hurting investors.
Follow us for updates on LinkedIn, Twitter or Facebook.
Whistleblower: Individuals with nonpublic information about Anaplan should review their options to assist with the investigation or to use the SEC's whistleblower program. Under the program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. For more information, please contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email Shareholders@glancylaw.com.
Glancy Prongay & Murray LLP is a leading law firm serving investors and consumers in securities disputes and other complex class action lawsuits. ISS Securities Class Action Services consistently rated GPM in its annual SCAS Top 50 report. In 2018, GPM was ranked one of the top five law firms for number of class action settlements for securities and one of the top six law firms for overall size of settlements in US dollars. With four offices across the country, GPM's nearly 40 attorneys have made breakthrough decisions, reclaiming billions of dollars for investors and consumers in securities, antitrust, consumer and employment lawsuits. GPM's attorneys have handled cases covering a wide range of corporate misconduct, including cases involving financial adjustments, internal control weaknesses, earnings management, fraudulent profit policies and forward-looking statements, auditor misconduct, insider trading, violations of FDA regulations Affected are actions that lead to FDA and DOJ, investigations and many other forms of corporate misconduct. GPM's attorneys have worked on securities cases affecting nearly every industry and sector in the financial markets, including energy, consumer discretionary, consumer staples, real estate and REITs, finance, insurance, information technology, healthcare, biotechnology, cryptocurrency and medical devices, and many more . GPM's past successes have been extensively covered by leading news and industry publications such as The Wall Street Journal, Financial Times, Bloomberg Businessweek, Reuters, Associated Press, Barrons, Investor's Business Daily, Forbes and Money .
This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.