Levi & Korsinsky Files Class Action Lawsuit for Fortinet, Inc. Shareholders

Levi & Korsinsky, LLP has taken significant legal action by notifying shareholders of Fortinet, Inc. (NASDAQ: FTNT) regarding a class action lawsuit. This legal proceeding has been initiated to recover losses for investors affected by alleged fraudulent activities between November 8, 2024, and August 6, 2025. The firm emphasizes that investors have until November 21, 2025, to apply for lead plaintiff status, ensuring their voice is heard in this crucial legal matter.

Details of the Lawsuit

The class action lawsuit seeks to address grievances of Fortinet, Inc. shareholders who may have suffered due to misleading statements made by the company. The complaint alleges that the defendants misrepresented the profit potential of their refresh cycle, asserting it would be more lucrative than it actually was. In reality, it was claimed that this cycle comprised primarily aging products, which contributed a minimal percentage to Fortinet’s overall business. Furthermore, the lawsuit indicates that defendants failed to accurately report on the actual capability to upgrade FortiGate firewalls, leading to a series of inaccurate claims that misled investors.

Throughout the pertinent timeframe, Fortinet purportedly arose with optimistic projections regarding the growth of their refresh momentum. However, evidence suggests that half of these refreshes were aggressively executed in a span of just a few months, far from the optimistic timeline presented to shareholders. This misrepresentation raises serious questions about the company’s transparency and accountability.

How Investors Can Get Involved

Shareholders of Fortinet, Inc. who believe they have sustained a loss during the specified timeframe are strongly encouraged to act promptly. The law firm Levi & Korsinsky is available to assist those interested in filing a claim, ensuring that potential class members are informed about their options for involvement.

If any shareholder wants to join the class action, they can reach out via email to Joseph E. Levi, Esq., or make a phone call to (212) 363-7500. Engaging with legal experts can provide investors with critical guidance on navigating the complexities of the case.

No Cost to Participate

One of the most compelling aspects of this class action is that it allows class members to seek compensation without incurring any upfront costs or fees. The legal representation offered can potentially result in recoveries for those who have been wronged, and participants are not under any obligation to cover out-of-pocket expenses. Levi & Korsinsky stands out in this case with their unwavering commitment to protecting investor rights, having achieved hundreds of millions in recoveries for shareholders over the past two decades.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established a notable reputation in the realm of securities litigation with a dedicated team that specializes in complex cases. The firm has been recognized by ISS Securities Class Action Services, ranking among the top 50 securities litigation firms in the United States for seven consecutive years. Their extensive experience ensures that all clients can trust in their ability to manage high-stakes legal matters effectively.

Conclusion

In light of these developments, shareholders of Fortinet, Inc. have the opportunity to make their claims known and seek justice via this class action lawsuit. With the deadline approaching, timely action is crucial to ensure that affected investors can partake in any potential recovery. For more details on the lawsuit and to assess your eligibility, visit Levi & Korsinsky's official website or contact their legal team today.

As Fortinet navigates these turbulent waters, shareholders must remain vigilant and proactive in protecting their interests in the company’s current and future endeavors.