#USA #New York #Class Action #Levi & Korsinsky #Fortinet

Action Alert for Fortinet Investors

Fortinet, Inc. investors, take notice! Levi & Korsinsky, LLP is reaching out to inform you of a significant development that could impact your investments. The law firm has announced a class action securities lawsuit against Fortinet, Inc. (NASDAQ: FTNT), and investors affected by alleged securities fraud between November 8, 2024, and August 6, 2025, are encouraged to get in touch.

What Is the Lawsuit About?

The class action lawsuit aims to recover losses for investors who were negatively affected by fraudulent activities purportedly enacted by Fortinet's executives. According to the filed complaint, it is alleged that the company made several misleading statements and chose to conceal crucial information regarding its financial performance and business operations.

Specifically, the lawsuit contends that Fortinet officials misrepresented the profitability of their product refresh cycle. The executives claimed that the cycle would lead to substantial gains; however, they allegedly knew this was not the case. The complaint highlights that the company didn't have a clear understanding of the true number of FortiGate firewalls eligible for upgrades, misleading investors into believing the refresh cycle would be more lucrative than it turned out to be.

Moreover, while presenting a positive narrative around the momentum of this refresh cycle, it appears the company accelerated the update of roughly half the products within a few months, contradicting earlier promises of gradual progress.

How Can Investors Respond?

If you suffered financial losses in Fortinet, Inc. during the specified timeframe, you have until November 21, 2025, to reach out. Interested parties can request to be appointed as lead plaintiffs in this class action lawsuit. Importantly, participating in this case does not necessitate you to act as a lead plaintiff in order to be eligible for potential recovery.

It’s important to note that there is no cost associated with participating in this lawsuit. Class members are entitled to potential compensation without any out-of-pocket expenses, providing a no-risk opportunity for affected investors to seek redress.

Assistance from Levi & Korsinsky

Levi & Korsinsky is well-equipped to navigate these complexities, having secured hundreds of millions of dollars for wronged shareholders over the years. The firm has a strong background in representing investors in intricate securities litigation cases and boasts a dedicated team of more than 70 professionals committed to client service. Their track record speaks for itself; Levi & Korsinsky has consistently been featured in ISS Securities Class Action Services' Top 50 Report, underscoring their status as a leading securities litigation firm.

Any Fortinet investor looking for further information or guidance can contact:

• - Joseph E. Levi, Esq. via email at [email protected]
• - Phone: (212) 363-7500

Additionally, information can also be found through their website at Levi & Korsinsky.

Final Thoughts

In light of this lawsuit announcement, Fortinet investors should act promptly to ensure their rights are protected. With a deadline fast approaching, taking proactive measures could enhance the potential for recovery. Don’t delay—engaging with legal counsel could be your next best step as you navigate the uncertainties in the investment landscape stemming from this alleged securities fraud.