The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Anaplan, Inc. (“Anaplan” or the “Company”) (NYSE: PLAN) securities during the period from November 21, 2019 through February 26, 2020, inclusive (the "Class Period"). Investors have until October 23, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, the Company made false and misleading statements to the market. Anaplan suffered from challenges in both its sales organization and strategic execution. The Company failed to close major deals due to these challenges. These failures made the Company's claim of "calculated billings growth" baseless. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Anaplan, investors suffered damages.
If you acquired Anaplan securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.