Zendesk, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Zendesk, Inc.
Date Filed:October 24th, 2019
Sector:Technology
Industry:EDP Services

According to the Complaint, Zendesk, Inc. is a San Francisco, California-based software development company that provides SaaS products for organizations.

The Complaint alleges that throughout the Class Period, Defendants disseminated materially false and misleading statements to the investing public and failed to disclose adverse facts pertaining to the Company's business, operations, and financial results. Specifically, the Complaint alleges the Company concealed material information and/or failed to disclose that: (a) Zendesk's clients had been subject to data breaches dating back to 2016; (b) Zendesk was experiencing slowing demand for its SaaS offerings, particularly in Germany, the United Kingdom, and Australia, due in large part to political uncertainty and China trade issues there; and (c) as a result of the foregoing, Zendesk's business metrics and financial prospects were not as strong as Defendants had led the market to believe during the Class Period.

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First Identified Complaint

Charles Reidinger, et al. v. Zendesk, Inc., et al.

Date Filed:October 24th, 2019
Class Period Start:February 6th, 2019
Class Period End:October 1st, 2019
First Identified Complaint Filings
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