Glancy Prongay & Murray, LLP Commences Investigation on Behalf of Mentor Graphics Corp. Investors
23 3월 2016 - 11:30PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) commences an
investigation on behalf of investors of Mentor Graphics Corp.
("Mentor" or the "Company") (NASDAQ: MENT) concerning the Company
and its officers’ possible violations of federal securities laws.
GPM is preparing a lawsuit on behalf of injured investors.
The investigation concerns whether the Company failed to
disclose that Mentors’ customers had participated in an incredible
number of mergers and acquisitions in 2015 and earlier, causing the
delay of purchases of Mentor's products; and whether demand for
Mentors' emulation products had declined as a result of
competitors, despite the Company’s assurances that it would be a
"long time" before any competitor could release a substantially
competitive product. On November 19, 2015 the Company announced
that it had achieved unsatisfactory financial results for the third
quarter of fiscal 2016 and that it was now reducing its fourth
quarter fiscal 2016 financial outlook by $104 million. On this
news, shares of Mentor fell sharply, over 35% to just $17.85 per
share on November 20, 2015.
If you purchased Mentor securities, 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 Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160323005438/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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