#United States #New York #Class Action #Securities Law #Fortinet

Fortinet, Inc. Faces Class Action Lawsuit for Securities Fraud

In a significant legal development, Fortinet, Inc. (NASDAQ: FTNT) is facing a class action lawsuit spearheaded by Levi & Korsinsky, LLP. This lawsuit has been filed on behalf of investors who may have incurred losses due to alleged securities law violations spanning from November 8, 2024, to August 6, 2025.

Background of the Lawsuit

The complaint alleges that Fortinet's management misled investors by providing inaccurate information regarding the company's product refresh cycle. Specific accusations include claims that the refresh cycle would not yield the profits that were promised, largely due to reliance on outdated products that represented only a small fraction of Fortinet's overall business. The company reportedly failed to disclose the actual number of FortiGate firewalls eligible for an upgrade, presenting a distorted picture of future revenue potential. During a period when management assured investors growth momentum, they are said to have pushed through a majority of the product refresh in a matter of months before 2Q 2025, contrary to prior projections.

Implications for Investors

Investors affected by Fortinet's actions are encouraged to act quickly, as November 21, 2025, is designated as the deadline to request to be appointed lead plaintiff in this case. Even those who choose not to become lead plaintiffs still retain the right to partake in any financial recoveries decided by the court. Levi & Korsinsky has emphasized that there are no out-of-pocket costs involved for class members wishing to participate in the legal proceedings.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, a recognized player in the field of securities litigation, has over 20 years of experience and a history of securing significant settlements for shareholders. The firm has a dedicated team of more than 70 professionals ready to manage complex cases, ensuring that affected investors receive appropriate representation. Their effective strategies have positioned them among the top firms in the United States within the ISS Securities Class Action Services’ Top 50 Report, consistently ranking highly over the past seven years.

How to Proceed

Investors looking for more information or wishing to inquire about their legal rights can contact Levi & Korsinsky’s Joseph E. Levi via email or phone. The firm stands ready to assist those unfairly impacted by Fortinet's business practices. You can find detailed guidance by visiting their official site or by reaching out directly to their offices.

In conclusion, the growing concern surrounding corporate transparency and accountability places extra emphasis on this lawsuit against Fortinet, Inc. Investors are advised to stay informed and proactive as developments unfold in this crucial case for shareholder rights.