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FTNT LAWSUIT ALERT: The Gross Law Firm Notifies Fortinet, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
FortinetFortinet(US:FTNT) Globenewswireยท2025-10-13 20:00

Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. about a class action lawsuit related to alleged false statements and misrepresentations made by the company regarding its product refresh cycle and FortiGate firewall upgrades [1][3]. Group 1: Allegations and Class Period - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [3]. - Allegations include that Fortinet misrepresented the profitability of its refresh cycle, claiming it would be lucrative while it actually consisted of old products that were a "small percentage" of the company's business [3]. - The complaint states that Fortinet concealed its lack of clarity regarding the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased FTNT shares during the specified period are encouraged to register for the class action by November 21, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies engage in responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [5].