Fortinet(US:FTNT) Globenewswire·2025-10-14 19:30Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - The class period for the Fortinet common stock purchase is from November 8, 2024, to August 6, 2025, inclusive [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by November 21, 2025, to serve as lead plaintiff [2] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3] Group 3: Case Allegations - The lawsuit alleges that Fortinet made materially false and misleading statements regarding the business impact of a "record" round of FortiGate unit upgrades [4] - Defendants claimed that this refresh cycle would generate between $400 million to $450 million in product revenue in 2025 and 2026, which was later revealed to be exaggerated [4][5] - The lawsuit contends that the refresh cycle was not as lucrative as represented, consisting of old products that were a "small percentage" of the company's business [5]