Globenewswire·2025-10-07 17:54Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025, of the upcoming lead plaintiff deadline on November 21, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought Fortinet stock during the specified period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][6]. - The lead plaintiff must file a motion with the court by November 21, 2025, to represent other class members [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding a "record" round of FortiGate unit upgrades, projecting product revenue of $400 million to $450 million for 2025 and 2026 [4]. - It is alleged that the refresh cycle was misrepresented as being significantly larger and more lucrative than it actually was, consisting mainly of old products that represented a "small percentage" of the company's business [5]. - The lawsuit contends that Fortinet concealed the true number of firewalls eligible for upgrades and misrepresented the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, further establishing the firm's credibility [3].