Business Wire | Aug 4, 2020 11:00AM EDT

GWRE INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Guidewire Software, Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm

Aug. 04, 2020

NEW YORK--(BUSINESS WIRE)--Aug. 04, 2020--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Guidewire Software, Inc. ("Guidewire" or the "Company") (NYSE: GWRE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Guidewire securities between March 6, 2019 and March 4, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/gwre.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's transition to the cloud was not going well; (2) Guidewire's cloud-based products needed to be improved to meet customer needs and catch-up with rival systems; (3) the Company's failed transition to the cloud was also hurting Guidewire's traditional on-premise business; and (4) as a result, Guidewire's revenue guidance, including guidance principally based on significantly increasing demand for the Company's cloud-based products, was baseless and unattainable.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/gwre or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Guidewire you have until September 23, 2020 to request that the Court appoint you as co-lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

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CONTACT: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com