Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Oregon on behalf of all persons or entities who acquired Mentor Graphics Corporation (NASDAQ:MENT) securities between August 21, 2014 and November 19, 2015, inclusive (the “Class Period”).

Mentor Graphics develops, manufactures and distributes electronic design automation (“EDA”) products – computer software and emulation hardware systems – worldwide, primarily to large companies in the communications, computer, consumer electronics, semiconductor, networking, multimedia, military and aerospace, and transportation industries.

The lawsuit alleges that during the Class Period, defendants made false and misleading statements and/or failed to disclose adverse information regarding Mentor Graphics’ business and prospects, including that: (a) Mentor Graphics’ customers were delaying or declining extended license agreements or demanding price concessions from the company due to the unprecedented level of mergers and acquisitions in 2015 and earlier; (b) 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; and (c) 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. As a result of these alleged false and misleading statements and/or omissions, Mentor Graphics common stock traded at artificially inflated prices of over $27 per share during the Class Period.

On November 19, 2015, Mentor Graphics announced disappointing financial results for the third quarter of fiscal 2016 and substantially reduced its fourth quarter fiscal 2016 financial outlook, lowering its fourth quarter revenue forecast by $104 million. In addition, the company stated that bookings for the three months ended October 31, 2015 had decreased by approximately 20% compared to the three months ended October 31, 2014, primarily due to a decrease in term license contract renewals. On this news, the price of Mentor Graphics stock fell 36%, closing at $17.85 per share, down from the previous day’s close of $27.78 per share, on high trading volume.

If you purchased Mentor Graphics securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.

Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq., 212-355-4648investigations@bespc.com

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