Fortinet, Inc. Class Action Lawsuit - Important Information for Investors
The Gross Law Firm has recently announced a significant class action lawsuit regarding Fortinet, Inc. (NASDAQ: FTNT), aimed at informing shareholders about their rights and the necessary steps regarding this ongoing legal matter. The lawsuit arises from allegations concerning misrepresentations and omissions related to the company's financial disclosures.
Key Details of the Class Action
Class Period
The class action pertains to shareholders who purchased shares of Fortinet, Inc. from November 8, 2024, to August 6, 2025. If you held shares in this time frame, you may qualify to participate in the lawsuit.
Allegations made in the Complaint
According to the allegations outlined in the complaint:
- - The defendants knowingly misled investors about the financial performance and growth prospects tied to the refresh cycle of their products. It is claimed that the refresh cycle was never going to yield substantial profits as initially represented.
- - Specifically, it is stated that the old products were only a minor share of Fortinet’s overall business model. Furthermore, the complaint suggests that there was a lack of clarity regarding the number of FortiGate firewalls capable of being upgraded.
- - While promising momentum in transitioning products over a two-year period, the company reportedly pushed through a significant portion of this strategy within a matter of months — raising concerns about the truthfulness of the information shared with investors.
Why You Should Register
Shareholders who feel they have been adversely affected by these misleading statements are encouraged to register for the class action. Registering will not only keep you informed on the ongoing legal processes but also provide support in case the court grants recovery for damages incurred.
How to Register
If you purchased Fortinet shares during the specified class period, you can register through the Gross Law Firm's website. It is crucial to do so before the lead plaintiff deadline on
November 21, 2025.
- - Registration is a simple and straightforward process, and it doesn’t require you to pay any fees upfront to participate.
- - Once registered, you will also get access to monitoring tools that will keep you updated about the lawsuit’s status.
Next Steps After Registration
- - Upon completion of your registration, you will be enrolled in a portfolio monitoring program, which will notify you of any important developments throughout the lifecycle of this case.
- - Remember that registering as a shareholder does not obligate you to any costs, and you are free to withdraw from the process at any point if you choose.
About The Gross Law Firm
The Gross Law Firm is dedicated to protecting investors' rights against fraudulent practices in the corporate world. As a recognized class action law firm, they aim to ensure that companies are held responsible for any illegal actions that mislead their investors.
- - Their mission includes recovering any losses incurred by investors due to misrepresented information and ensuring that corporate accountability is upheld.
- - If you're considering your options related to this case, don’t hesitate to reach out to their experienced team for further clarification and assistance.
Contact Information
To learn more about how to join the class action or if you have any queries related to your investment in Fortinet, you can visit their official website or contact them directly:
15 West 38th Street, 12th Floor
New York, NY 10018
Email:
[email protected]
Phone: (646) 453-8903
Investors affected by the alleged misconduct are urged not to miss this important deadline and take the necessary steps to protect their interests in the ongoing lawsuit.