Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. regarding a class action lawsuit related to alleged misleading statements made by the company during a specific period [1][3]. Group 1: Allegations - The complaint alleges that Fortinet misrepresented the potential profitability of its product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [3]. - It is claimed that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, contradicting their statements to investors about the refresh gaining momentum over two years [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 8, 2024, to August 6, 2025, with a deadline for shareholders to register for participation set for November 21, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress, and there is no cost or obligation to participate [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, emphasizing the importance of responsible corporate behavior [5].
Investors who lost money on Fortinet, Inc. (FTNT) should contact The Gross Law Firm about pending Class Action - FTNT