Kessler Topaz Meltzer & Check, LLP Initiates Class Action for Fortinet Investors Over Securities Fraud

Class Action Lawsuit Filed Against Fortinet, Inc.

In early October 2025, Kessler Topaz Meltzer & Check, LLP announced the initiation of a securities fraud class action lawsuit against Fortinet, Inc., listed as NASDAQ: FTNT. This action comes as a response to shareholder concerns regarding the company’s misleading statements and potential concealment of information negatively impacting stock prices.

Background of the Lawsuit

The lawsuit targets individuals who acquired shares of Fortinet during the class period from November 8, 2024, to August 6, 2025. During this period, investors were allegedly misled by the company’s claims regarding its product refresh cycle and the anticipated growth it would generate. Specifically, the lawsuit outlines several key allegations against Fortinet, including:

1. Misleading Statements: The defendants reportedly made false statements about the profitability and potential of the company’s refresh cycle. They suggested it would be significantly lucrative, while internal assessments indicated otherwise.

2. Failure to Disclose Product Limitations: It is alleged that Fortinet concealed the true extent of its ability to upgrade FortiGate firewalls, whereas they previously assured investors about the availability of a lucrative upgrade path.

3. Accelerated Refresh Misrepresentation: While claiming that the company would gain traction over a two-year period, it has been revealed that a substantial portion of these upgrades had been pushed through prematurely, within just a few months by the end of Q2 2025.

These actions contributed to a series of misleading representations regarding Fortinet’s business operations and prospects, ultimately leaving investors with obscured insights that led to financial losses.

The Lead Plaintiff Process

Investors who believe they have been negatively impacted by Fortinet’s actions have the opportunity to join the lawsuit as lead plaintiffs. This role involves representing the interests of all affected investors and guiding the litigation process. Potential lead plaintiffs must act before the deadline of November 21, 2025. If you decide not to participate as a lead plaintiff, you can remain an absent class member, and your rights to recover any losses will not be impacted.

How to Participate

Affected investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for more details on how to join the class action lawsuit. They can do so by visiting Kessler Topaz Meltzer & Check’s website or reaching out directly via phone at (484) 270-1453 or email at [email protected].

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP focuses on prosecuting class actions in various jurisdictions. With a strong reputation for championing the rights of investors and recovering funds for victims of fraud and malpractice, the firm emphasizes its commitment to protecting stakeholders against corporate misconduct.

In summary, this class action lawsuit serves as a critical juncture for Fortinet investors seeking to hold the company accountable for alleged securities fraud. Participants in this legal action hope to recover their losses while shedding light on the practices that led to diminished trust in Fortinet’s business performance.