Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Anaplan, Inc. (“Anaplan”) securities between November 21, 2019 and February 26, 2020, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operational and. prospects. Specifically, the complaint alleges that Defendants failed to disclose to investors 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; (3) which meant that Anaplan’s financial guidance for “calculated billings growth” were baseless and unattainable; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On August 31, 2021, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.