On or around 07/29/2020 (Date of last review)
Filing Date: July 24, 2020
According to the Complaint, Guidewire Software, Inc. provides enterprise-level software products and services for the global P&C insurance market. The Company’s software systems are designed to help insurance carriers improve their operational efficiency, speed to market, and customer experience by providing a central source for all customer, transactional, and financial data.
The Complaint alleges that during the Class Period, the Defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated the prices of Guidewire common stock and operated as a fraud or deceit on Class Period purchasers of Guidewire common stock. The Complaint further alleges that Defendants failed to disclose to investors that the Company’s financial results were materially misleading and misrepresented material information. When the Defendants’ alleged misrepresentations and fraudulent conduct were disclosed and became apparent to the market, the prices of Guidewire common stock fell precipitously as the prior inflation came out of the Company’s stock price. As a result of their purchases of Guidewire common stock during the Class Period, Plaintiff and the other Class members suffered economic loss.
Company & Securities Information
Defendant: Guidewire Software, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: GWRE
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Sheet Metal Workers Local 19 Pension Fund, et al. v. Guidewire Software, Inc., et al.
COURT: N.D. California
DOCKET #: 20-CV-05038
DATE FILED: 07/24/2020
CLASS PERIOD START: 03/06/2019
CLASS PERIOD END: 03/04/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Saxena White P.A. (San Diego)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available