NEW ORLEANS, April 29, 2016 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until May 17, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Mentor Graphics Corp (NasdaqGS: MENT), if they
purchased the Company's securities between August 21, 2014 and November 19, 2015, inclusive (the "Class
Period"). This action is pending in the United States
District Court for the District of Oregon.
What You May Do
If you purchased shares of Mentor Graphics and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you
must petition the Court by May 17,
2016.
About the Lawsuit
Mentor Graphics and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
The alleged false statements and omissions include, but are not
limited to: (i) customers were delaying or declining extended
license agreements or demanding price concessions from the Company;
(ii) demand for emulation products had slowed as a result of the
anticipated introduction of competitive products; and (iii) 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.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC