Class Action Lawsuit Filed Against Tufin Software Technologies Ltd. On Behalf of Investors Who Purchased, or Otherwise Acquired, TUFN Securities Pursuant And/Or Traceable to The Registration Statement and Related Prospectus Issued In Connection With Tufin Software’s April 2019 IPO – TUFN Investors Who Suffered Losses Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is making investors aware that on April 6, 2020, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of persons who purchased or otherwise acquired the securities of Tufin Software Technologies Lts. (“Tufin Software” or the “Company”) (NYSE: TUFN) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Tufin Software’s April 2019 initial public offering (“IPO”), seeking to recover compensable damages caused by the Tufin Software Defendants’ alleged violations of the Securities Act of 1933.
According to the complaint, the Tufin Software Defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operational and financial results, which were known to the Tufin Software Defendants or recklessly disregarded by them. Specifically, the Tufin Software Defendants made false and/or misleading statements and/or failed to disclose that: (1) Tufin Software’s customer relationships and growth metrics were overstated, particularly with respect to North America; (2) Tufin Software’s business was deteriorating, primarily in North America; (3) as a result, Tufin Software’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.
Tufin Software investors who purchased, or otherwise acquired, TUFN securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Tufin Software’s April 2019 IPO are encouraged to contact either Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], or John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], to discuss the class action lawsuit or potential legal claims.