#USA #New York #Class Action #Securities Fraud #Fortinet

Investors of Fortinet, Inc. Notified of Class Action Lawsuit

Levi & Korsinsky, LLP has recently made an announcement aimed at investors in Fortinet, Inc. (NASDAQ: FTNT), regarding the initiation of a class action securities lawsuit. This lawsuit is specifically targeting those who were adversely affected by alleged securities fraud that reportedly took place between November 8, 2024, and August 6, 2025. In this context, the firm encourages potential class members to act swiftly, as they have until November 21, 2025, to request to be appointed as lead plaintiffs in this ongoing case.

Background of the Case

The complaint filed against Fortinet alleges that the company's statements to investors included false representations and omissions that resulted in significant losses for its shareholders. According to the allegations, the company implied that the refresh cycle for its FortiGate firewalls would generate substantial revenue; however, it was revealed that this expectation was unfounded. The lawsuit suggests that the refresh cycle would not be as lucrative as previously indicated because it mainly involved old products, which accounted for only a small portion of the company’s overall business.

Moreover, the executives at Fortinet are accused of misleading investors about the volume of FortiGate firewalls available for upgrades. The documents indicate that the company made optimistic predictions about increased momentum for the refresh cycle over a two-year period, yet it appears Fortinet aggressively pushed through about half the refresh within just a few months, leading up to the end of the second quarter in 2025.

Next Steps for Investors

For anyone who suffered monetary losses in Fortinet during the relevant timeframe, there’s an opportunity to engage with this case. Filing a request to be appointed lead plaintiff will not only allow one to play a key role in the proceedings but also aid in the recovery of financial losses caused by the alleged fraud. It's crucial to note that participating in class action does not necessitate serving as a lead plaintiff; all affected investors could still be entitled to compensation provided under the lawsuit without incurring out-of-pocket fees for their involvement.

For further details, interested investors can follow a link provided by Levi & Korsinsky for more information. Those needing immediate assistance can reach out directly via email or by calling the firm at (212) 363-7500.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a robust track record, having secured hundreds of millions of dollars for shareholders over their 20-year history. The firm has established itself as one of the top securities litigation firms, recognized consistently in the ISS Securities Class Action Services' Top 50 Report. Their commitment to investor rights is demonstrated by their comprehensive expertise and resources dedicated to complex securities issues, including a specialized team comprising over 70 professionals.

Conclusion

Investors in Fortinet, Inc. should be aware of the ongoing developments related to this class-action lawsuit as it has the potential to impact their financial standing significantly. Staying informed and actively participating in your rights as a shareholder can lead to meaningful recovery if the claims in the lawsuit are found valid. Subscribe for updates and consult Levi & Korsinsky to ensure you do not miss the window for participation.

For those affected, this could be a pivotal moment in reclaiming losses and asserting shareholder rights within the ever-complex landscape of securities trading and corporate accountability.