On April 11, 2019, Tufin filed a prospectus for the company’s initial public offering (“IPO”), and touted to investors the strong growth in its customer base and overall revenues, specifically increases in its North American market.
The complaint alleges that Defendants violated provisions of the Securities Act by issuing false and misleading registration statements and prospectuses in connection with both its IPO and its secondary public offering (“SPO”). Specifically, the complaint states that Defendants misled investors with respect to the Company’s North American business, customer relationships and growth metrics, and the fact that Tufin’s business was deteriorating, and, as a result, Tufin’s representations regarding its sustainable financial prospects were overly optimistic-all of which was known to, and concealed by, Defendants at the time of the IPO and SPO.
Tufin Software Technologies Ltd.
Investors that acquired shares pursuant to Tufin’s April 2019 initial public offering (“IPO”) and its December 2019 secondary public offering (“SPO”).
If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at firstname.lastname@example.org.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
8240 Beverly Blvd., Suite 9
Los Angeles, CA 90048