New York, New York--(Newsfile Corp. - September 16, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Guidewire Software, Inc. (NYSE: GWRE) alleging that the Company violated federal securities laws.
Class Period: March 6, 2019 and March 4, 2020
Lead Plaintiff Deadline: September 23, 2020
Learn more about your recoverable losses in GWRE:
The filed complaint alleges that Guidewire Software, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's transition to the cloud was not going well; (2) that Guidewire's cloud-based products needed to be improved to meet customer needs and catch up with rival systems; (3) that 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.
Shareholders have until September 23, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the GWRE lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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