May 18, 2020 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / May 18, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
TUFN Shareholders Click Here: https://www.zlk.com/pslra-1/tufin-software-technologies-ltd-loss-form?prid=6657&wire=1 ZM Shareholders Click Here: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=6657&wire=1 LOPE Shareholders Click Here: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=6657&wire=1
* ADDITIONAL INFORMATION BELOW *
Tufin Software Technologies Ltd. /zigman2/quotes/210570935/composite TUFN +18.48%
Affected investors purchased TUFN securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Tufin's April 2019 initial public offeringLead Plaintiff Deadline: June 5, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tufin-software-technologies-ltd-loss-form?prid=6657&wire=1
According to the filed complaint, (1) Tufin's customer relationships and growth metrics were overstated, particularly with respect to North America; (2) Tufin's business was deteriorating, primarily in North America; (3) as a result, Tufin's representations regarding its sustainable financial prospects were overly optimistic; and (4) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
Zoom Video Communications, Inc. /zigman2/quotes/211319643/composite ZM +3.19%
ZM Lawsuit on behalf of: investors who purchased April 18, 2019 - April 6, 2020Lead Plaintiff Deadline: June 8, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=6657&wire=1
According to the filed complaint, during the class period, Zoom Video Communications, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Grand Canyon Education, Inc. /zigman2/quotes/200091871/composite LOPE -2.95%
LOPE Lawsuit on behalf of: investors who purchased January 5, 2018 - January 27, 2020Lead Plaintiff Deadline: July 13, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=6657&wire=1
According to a filed complaint, statements made by Defendants were false and/or misleading because following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
View source version on accesswire.com: https://www.accesswire.com/590320/CLASS-ACTION-UPDATE-for-TUFN-ZM-and-LOPE-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders
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