Core Points - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1] - The lawsuit claims that Fortinet misrepresented the potential profitability of its product refresh cycle and concealed the true number of FortiGate firewalls eligible for upgrades [2] - Investors have until November 21, 2025, to request to be appointed as lead plaintiff, with no out-of-pocket costs for class members [3] Company Details - Fortinet, Inc. is facing allegations of securities fraud related to misleading statements about its product refresh cycle and the performance of its FortiGate firewalls [2] - The lawsuit highlights that the refresh cycle consisted of older products that represented a "small percentage" of the company's business, contradicting the company's claims [2] Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
FTNT LAWSUIT ALERT: Levi & Korsinsky Notifies Fortinet, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline