Zuora, Inc. (NYSE: ZUO)
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Hagens Berman Sobol Shapiro LLP alerts investors in Zuora, Inc. (NYSE: ZUO) to the August 13, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Northern District of California.
If you purchased or otherwise acquired securities of ZUO between April 12, 2018 and May 30, 2019 and suffered losses you do not need to sign up to be included in the putative class of investors. If you suffered losses in excess of $100,000, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case. If you wish to serve as a lead plaintiff in this class action contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing ZUO@hbsslaw.com.
According to the complaint, Defendants misrepresented and concealed delays in implementing and integrating RevPro, the company’s revenue recognition management software application. When the truth emerged, the price of Zuora’s shares sharply declined.
“We’re focused on investors’ losses and whether Defendants misled investors about product-integration and sales-execution issues,” said Hagens Berman partner Reed Kathrein.
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