#United States #New York #Class Action #Levi & Korsinsky #Fortinet

Legal Action Against Fortinet, Inc.

A recent class action lawsuit initiated by Levi & Korsinsky, LLP is drawing attention from investors of Fortinet, Inc. (NASDAQ: FTNT), who are seeking recovery for losses incurred due to alleged securities fraud. The legal action targets individuals who held shares in Fortinet between November 8, 2024, and August 6, 2025, during which time serious allegations about the company's securities practices have surfaced.

Understanding the Allegations

The lawsuit claims that throughout the mentioned period, Fortinet misrepresented critical information regarding its business performance and prospects. Specifically, the complaint alleges that the defendants, individuals involved in the management of Fortinet, posted false statements that contributed to misleading the investors. They purportedly underplayed the challenges associated with the company's product refresh cycle, claiming it would be much more lucrative than what reality suggested.

Key Details from the Complaint

Investors were told that the refresh cycle would generate significant revenue, yet the complaint paints a different picture. It indicates that the offerings within this cycle were actually outdated products and only constituted a minimal fraction of the company’s overall business. Additionally, there was an alleged lack of accurate visibility into how many FortiGate firewalls were capable of being updated, which could mislead shareholders into optimistic expectations.

One of the critical points highlighted in the claim was the timeline; while shareholders were informed that growth would build momentum over a two-year span, Fortinet reportedly pushed through nearly half of this cycle in just a few months, leading to discrepancies in projected versus actual performance.

What Investors Should Know

Investors affected by these events have until November 21, 2025, to request to be appointed as lead plaintiffs in the case. However, it’s important to note that joining this class action does not depend on one’s status as a lead plaintiff, and any investor experiencing losses during the specified time frame may qualify for a share of any potential recovery.

No Financial Risk Involved

Levi & Korsinsky emphasizes that class members can obtain compensation without needing to pay any upfront costs or fees. Their track record showcases their capability in representing investors suffering losses, having successfully secured hundreds of millions of dollars through similar litigation efforts over two decades.

Contact Information for Affected Parties

If you believe you are a victim of this situation and wish to join the legal action, you can reach out to Jeremy E. Levi, Esq. via email or by calling (212) 363-7500. The firm encourages investors to get in touch to learn about their rights and potential recovery options without any costs involved.

Why Choose Levi & Korsinsky?

With extensive experience in complex securities litigation, Levi & Korsinsky has consistently ranked among the top securities litigation firms in the U.S., as acknowledged by ISS Securities Class Action Services. Their knowledgeable team specializes in securing favorable outcomes for shareholders and has the expertise necessary to navigate intricate legal landscapes that such cases involve.

As the class action moves forward, investors will need to stay informed and proactive to ensure their interests are adequately represented in the legal proceedings against Fortinet, Inc.