Fortinet(US:FTNT) Newsfileยท2025-11-12 20:27Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. to recover losses incurred by shareholders due to alleged securities fraud between November 8, 2024, and August 6, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements and concealed information regarding the refresh cycle of their products, which was not as profitable as represented [3]. - It is alleged that the company misrepresented the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through more rapidly than communicated [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who suffered losses during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP is highlighted as a reputable securities litigation firm with a strong track record in securing recoveries for shareholders, having been recognized in the Top 50 Report for seven consecutive years [5].