GlobeNewswire Inc | Sep 16, 2020 08:01AM EDT

September 16, 2020

Click here to join the case

LOS ANGELES, Sept. 16, 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 betweenNovember 21, 2019 and February 26,, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the lawsuit, defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose to investors that: (1) Anaplan was undergoing challenges in relation to its sales organization and execution; (2) these organizational challenges were causing Anaplan to miss on closing very important large deals; and (3) Anaplans financial guidance for calculated billings growth was unattainable and baseless as a result. Further, while in possession of this material non-public information, approximately $30 million worth of Anaplan stock were dumped by Anaplan insiders at artificially inflated prices.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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