Fortinet(US:FTNT) Globenewswire·2025-11-10 20:29Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit due to alleged false statements and misrepresentations made by the company during a specific class period [1][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from November 8, 2024, to August 6, 2025. Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, which was based on old products that constituted a "small percentage" of the company's business. Additionally, the company allegedly did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3]. Next Steps for Shareholders - Shareholders who purchased shares of FTNT during the specified timeframe are encouraged to register for the class action. The deadline for seeking lead plaintiff status is November 21, 2025. Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud. The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].