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

Fortinet Investors Targeted in Recent Class Action Lawsuit

On October 17, 2025, the law firm Levi & Korsinsky, LLP officially notified investors of Fortinet, Inc. (NASDAQ: FTNT) about a class action lawsuit pertaining to alleged securities fraud. The action centers on the purported misrepresentation of facts concerning Fortinet’s market performance and product offerings.

Overview of the Lawsuit

The lawsuit aims to recover financial losses on behalf of shareholders who might have suffered due to misleading statements issued by the company from November 8, 2024, to August 6, 2025. Investors claim that Fortinet's management made false declarations about the profitability of its product refresh cycle and the potential market impact of its FortiGate firewall upgrades.

According to the filed complaint, it's alleged that the executives at Fortinet provided misleading information, suggesting that the refresh cycle would yield significant profits. However, internal data revealed that it relied primarily on older products, which accounted for only a minor fraction of the overall business. Furthermore, investors were led to believe that the refresh would progressively gain traction over the years, yet the lawsuit states that the company rushed through a large portion of this refresh cycle within just a few months ending in the second quarter of 2025.

Key Points of the Allegations

1. False Statements: The management of Fortinet allegedly made declarations about the refreshing of products that were not substantiated by actual sales data.
2. Concealment of Information: It has been reported that Fortinet did not accurately disclose the true volume of FortiGate firewalls that were eligible for upgrades, leading investors to overestimate their potential returns.
3. Investors Misled: Statements made regarding the expected growth and momentum of this product refresh cycle have been deemed misleading, affecting investment decisions made by shareholders during the pertinent period.

What Investors Need to Know

If you experienced a loss as an investor in Fortinet during the mentioned timeframe, you should be aware of the critical deadline of November 21, 2025, which is when you can apply to be recognized as a lead plaintiff in the class action. Notably, participating in this lawsuit holds no financial burden, as class members may be eligible for compensation without incurring any out-of-pocket fees.

Why Levi & Korsinsky?

Levi & Korsinsky, with two decades of experience, has a solid track record of winning cases that have successfully recovered hundreds of millions for aggrieved shareholders. The firm is recognized for its specialty in complex securities litigation and boasts a dedicated team ready to assist clients. It has consistently ranked among the top securities litigation firms in the United States, according to ISS Securities Class Action Services.

Contact Information

For affected investors or those seeking more information about the lawsuit, Levi & Korsinsky can be reached through their official email: [email protected] or by calling (212) 363-7500.

In summary, Fortinet investors are urged to act swiftly to safeguard their rights and interests in light of this unfolding legal situation. The opportunity to participate in achieving justice for misleading financial disclosures is available, but only until the specified deadline of November 21, 2025.