SAN FRANCISCO, June 5, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Zuora, Inc. (NYSE: ZUO) to the firm's investigation into possible disclosure violations.
If you purchased or otherwise acquired Zuora securities, suffered losses, and wish to learn more about the investigation or have knowledge of facts that may assist the firm's investigation contact Hagens Berman.
On May 30, 2019, Zuora and senior management disclosed product integration problems associated with Zuora's flagship product RevPro and sales-execution issues causing the Company to slash fiscal year 2019 guidance.
This news drove the price of Zuora shares sharply lower on May 31, 2019.
"We're focused on investors' losses, whether management knew of the sales execution problems and product integration issues at the time of issuing their earlier guidance, and whether investors may have been misled," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Zuora should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email ZUO@hbsslaw.com.
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Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP