Los Angeles, CA - (NewMediaWire) - July 23, 2020 - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tufin Software Technologies Ltd. (“Tufin” or “the Company”) (NYSE: TUFN) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Tufin's April 2019 initial public offering (the "IPO") and its December 2019 secondary public offering ("SPO") are encouraged to contact the firm before September 18, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Tufin misled investors on key topics including its North American business, growth metrics, and customer relationships. In fact, the Company’s business was deteriorating. The Company’s representations were overly optimistic and adverse conditions impacting its financial prospects were known and concealed by the Company and its executives. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Tufin, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,
The Schall Law Firm