Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. about a class action lawsuit related to alleged false statements and misrepresentations made by the company regarding its product refresh cycle and the performance of FortiGate firewalls [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [3]. - Allegations include that Fortinet misrepresented the potential profitability of its product refresh cycle, claiming it would be more lucrative than it actually was, and that the refresh consisted of old products which were only a "small percentage" of the company's business [3]. Shareholder Actions - Shareholders who purchased FTNT shares during the specified period are encouraged to register for the class action, with a deadline of November 21, 2025, to seek lead plaintiff status [4]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - 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 [5].
Shareholders that lost money on Fortinet, Inc. (FTNT) should contact The Gross Law Firm about pending Class Action - FTNT