ATLANTA--(BUSINESS WIRE)--Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors who purchased Guidewire Software, Inc. (“Guidewire” or the “Company”) (NYSE: GWRE) securities between March 6, 2019 and March 4, 2020.
The complaint alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company’s transition to the cloud was not going well; (2) Guidewire’s cloud-based products needed to be improved to meet customer needs and catch-up with rival systems; (3) the Company’s transition to the cloud was also hurting Guidewire’s traditional on-premise business; and (4) as a result, Guidewire’s revenue guidance, including guidance principally based on significantly increasing demand for the Company’s cloud-based products, was baseless and unattainable.
If you purchased shares of Guidewire securities between March 6, 2019 and March 4, 2020 and suffered significant losses on that investment, you are encouraged to contact Marshall P. Dees, Esq. at firstname.lastname@example.org or Luke R. Kennedy, Esq. at email@example.com, or through www.holzerlaw.com to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.