INVESTOR ALERT: Investigation of Mentor Graphics Corp. Announced by Law Offices of Howard G. Smith, Encourages Investors with...
05 4월 2016 - 12:34AM
Business Wire
Law Offices of Howard G. Smith announces 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. Injured investors
are encouraged to contact the Law Offices of Howard G. Smith to
discuss their legal rights, and a potential class action lawsuit to
recover investors’ losses.
The investigation concerns whether the Company failed to
disclose that Mentor’s 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
Mentor's 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 Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20160404006155/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com/
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