SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Mentor Gra...
29 3월 2016 - 6:47AM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Mentor Graphics
Corporation (NASDAQ:MENT)?
- Did you purchase your shares between August 21, 2014
and November 19, 2015, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a
complaint has been filed in the United States District Court for
the District of Oregon on behalf of all persons or entities that
purchased the common stock of Mentor Graphics Corporation (“Mentor
Graphics” or the “Company”) (NASDAQ:MENT) between August 21, 2014
and November 19, 2015, inclusive (the “Class Period”), alleging
violations of the Securities Exchange Act of 1934 against the
Company and certain of its officers (the “Complaint”).
If you purchased shares of Mentor Graphics
during the Class Period, or purchased shares prior to the Class
Period and still hold Mentor Graphics, and wish to discuss this
action or have any questions concerning this notice or your rights
or interests, please contact Timothy J. MacFall, Esquire or Peter
Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite
120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/mentor-graphics-corporation-ment.
The Complaint alleges that throughout the Class Period, defendants
made materially false and misleading statements, and omitted
materially adverse facts, about the Company’s business, operations
and prospects. As a result of defendants’ alleged false and
misleading statements, the Company’s stock traded at artificially
inflated prices during the Class Period.
According to the Complaint, on November 19,
2015, Mentor Graphics issued a press release announcing highly
disappointing financial results for the third quarter of FY16 and
substantially reducing its fourth quarter FY16 financial outlook –
instead of $440 million in revenue for the fourth quarter and $0.47
EPS, the Company announced, among other things, that its fourth
quarter revenue forecast would be reduced by a whopping $104
million to $336 million, and 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, shares of Mentor Graphics dropped
over 35%, closing at $17.85 per share on November 20, 2015, on
heavy trading volume.
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. Any member of the
proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
Mentor Graphics Corp. (NASDAQ:MENT)
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