EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Mentor Graphics Corporation
22 3월 2016 - 1:16AM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of Mentor
Graphics Corporation securities (NASDAQ: MENT) from August 21, 2014
through November 19, 2015, both dates inclusive (the “Class
Period”). The lawsuit seeks to recover damages for Mentor Graphics
investors under the federal securities laws.
To join the Mentor Graphics class action, go to the firm’s
website at http://rosenlegal.com/cases-864.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued false and misleading statements to investors and/or failed
to disclose that: (1) Mentor Graphics’ customers were delaying or
declining extended license agreements or demanding price
concessions from Mentor Graphics due to the unprecedented level of
mergers and acquisitions in 2015 and earlier; (2) demand for Mentor
Graphics' emulation products had slowed as a result of the
anticipated introduction of competitive products, notwithstanding
defendants’ assertions that it would be a long time before any
competitor could release a competitive virtual emulation product;
(3) early customer contract renewals and related bookings had the
effect of moving expected bookings and revenue from future periods
to earlier periods, and were not, as defendants reported, a sign
that demand was strong and increasing; and (4) as a result Mentor
Graphics’ public statements were materially false and misleading at
all relevant times. When the true details entered the market, the
lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than May
17, 2016. A lead plaintiff is a representative party acting on
behalf of other class members in directing the litigation. If you
wish to join the litigation, go to the firm’s website at
http://rosenlegal.com/cases-864.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20160321005980/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
Mentor Graphics Corp. (NASDAQ:MENT)
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Mentor Graphics Corp. (NASDAQ:MENT)
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