Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit, encouraging those who purchased shares during the specified class period to contact the firm for potential lead plaintiff appointment [1]. Group 1: Allegations and Class Period - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet made false statements and concealed information regarding the refresh cycle of its products, which was not as lucrative as represented, and that the company lacked a clear understanding of the number of FortiGate firewalls eligible for upgrades [1]. - It is claimed that Fortinet misrepresented the momentum of the refresh cycle, stating it would gain traction over two years, while in reality, the company pushed through approximately half of the refresh in just a few months by the end of Q2 2025 [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 21, 2025, to participate without any cost or obligation [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].
Investors who lost money on Fortinet, Inc.(FTNT) should contact The Gross Law Firm about pending Class Action - FTNT