SAN FRANCISCO, CA / ACCESSWIRE / June 10, 2019 / Hagens Berman Sobol Shapiro LLP alerts investors in First American Financial Corp. (NYSE: FAF), Zuora, Inc. (NYSE: ZUO), and SailPoint Technologies Holdings, Inc. (NYSE: SAIL) to the firm's investigations into possible Board of Director breaches or disclosure violations.
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First American Financial Corp.
(NYSE: FAF)
Long-time shareholders of FAF
For more information: https://www.hbsslaw.com/cases/FAF
Phone: 510-725-3000
Email: [email protected]
If you are a long-time shareholder in First American, currently hold First American common stock, 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 28, 2019, Bloomberg reported that a security flaw at First American may have allowed unauthorized access to more than 885 million records related to mortgage deals going back to 2003.
"We're focused on the magnitude of the reported security flaw, whether First American's Board of Directors failed to carry out its supervisory and monitoring role, and if the Company suffered damages," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding First American Financial 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 [email protected].
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Zuora, Inc. (NYSE: ZUO)
Potential Class Period: April 9, 2018 - May 30, 2019
For more information: https://www.hbsslaw.com/cases/zuo
Phone: 510-725-3000
Email: [email protected]
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 [email protected].
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SailPoint Technologies Holdings,
Inc. (NYSE: SAIL)
Relevant Time Period: Jan. 2, 2019 - May 8, 2019
For more information: https://www.hbsslaw.com/cases/SAIL
Phone: 510-725-3000
Email: [email protected]
If you purchased or otherwise acquired SailPoint securities between January 2, 2019 and May 8, 2019, 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 8, 2019, SailPoint and senior management (1) announced the Company's Q1 2019 financial results, and (2) slashed guidance for 2Q and FY 2019. Management stated, "We've seen some recent changes in our pipeline that are impacting our expectations for the second quarter and remainder of 2019."
This news drove the price of SailPoint shares sharply lower on May 9, 2019.
"We're focused on investors' losses, whether management had pipeline visibility at the time of their earlier guidance, and whether investors may have been misled," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding SailPoint 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 [email protected].
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SOURCE: Hagens Berman Sobol Shapiro LLP