Business Wire | Sep 3, 2020 06:25PM EDT

PLAN LOSSES ALERT: Bernstein Liebhard is Investigating Anaplan Inc. For Violations of the Securities Laws

Sep. 03, 2020

NEW YORK--(BUSINESS WIRE)--Sep. 03, 2020--Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that it is investigating Anaplan Inc. ("Anaplan" or the "Company") (NYSE: PLAN) resulting from allegations that Anaplan might have issued misleading information to the investing public.

If you purchased Anaplan securities, and/or would like to discuss your legal rights and options please visit Anaplan Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

On February 27, 2020, the Company announced that its calculated billings for the fourth quarter fell far short of expectations. Specifically billings were only $126 million, representing a growth rate of 25%, which was well below consensus estimates of $138 million, and roughly half of the Company's historical growth rates of 46% to 59%, and far less than the Company's rate of revenue growth of over 40%.

On this news Anaplan's stock price dropped 25% in one day, falling from $58.09 to $44.03 wiping out almost $2 billion in market cap.

If you purchased Anaplan securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/anaplaninc-plan-shareholder-class-action-lawsuit-stock-fraud-301/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. (c) 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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CONTACT: Matthew E. Guarnero Bernstein Liebhard LLP https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com