LOS ANGELES, July 21, 2020 (GLOBE NEWSWIRE) – Portnoy law firm advises investors that, on behalf of Tufin Software Technologies Ltd. ("Tufin" or the "Company") (NYSE: TUFN) a class action lawsuit has been filed. , Investors who acquired shares as part of the Tufin IPO in April 2019 ("IPO") and the Tufin IPO in December 2019 ("SPO").
Investors are asked to contact Lesley F. Portnoy at 310-692-8883 or email to determine eligibility to participate in this promotion, or to click here to join the case.
On April 11, 2019, Tufin submitted a prospectus for the company's IPO, advising investors of the strong growth in its customer base and overall sales, particularly the increase in the North American market.
The complaint alleges that the defendants violated provisions of the Securities Act by submitting false and misleading registration statements and prospectuses in connection with their IPO and IPO. In particular, the complaint states that the defendants have misled investors about the company's North American business, customer relationships and growth metrics, and that Tufin's business has deteriorated. As a result, Tufin's representations were too optimistic about the sustainable financial outlook. All of this was known to the defendants at the time of the IPO and the SPO and was kept secret by them.
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Lesley F. Portnoy, Esq.
Approved CA and NY bar