StockNews.AI
FTNT
StockNews.AI
5 hrs

Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. Investors with Losses to Contact the Firm

1. Fortinet faces class action lawsuit for misleading statements about its refresh cycle. 2. The lawsuit covers common stock purchases from Nov 2024 to Aug 2025. 3. Allegations include misrepresentation of product performance and upgrade clarity. 4. Lead plaintiff appointment deadline is November 21, 2025. 5. Investors are encouraged to seek recovery if financial losses occurred.

7m saved
Insight
Article

FAQ

Why Very Bearish?

Similar past lawsuits have led to significant price declines, exemplified by firms like SolarCity.

How important is it?

The lawsuit directly questions Fortinet's credibility, impacting stock valuation severely.

Why Long Term?

Ongoing legal proceedings can create extended uncertainty affecting investor confidence and stock value.

Related Companies

PANWZSCRWD
, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. ("Fortinet") (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is November 21, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:  If you suffered Fortinet losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/fortinet-inc?utm_source=PR_Newswire&mktm=PR You can also contact attorney Jonathan Naji, Esq.  by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fortinet knew that the company's refresh cycle would never be as lucrative as they represented because it consisted of old products that were a "small percentage" of Fortinet's business; (2) Fortinet misrepresented and concealed that the company did not have a clear picture of the true number of FortiGate firewalls that could be upgraded; (3) while telling investors that the refresh would gain momentum over the course of two years, Fortinet misrepresented and concealed that the company had aggressively pushed through roughly half of the refresh in a period of just a few months, by the end of second quarter 2025; and (4) as a result of the foregoing, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/2-aYECTS09c THE LEAD PLAINTIFF PROCESS: Fortinet investors may, no later than November 21, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Fortinet investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE  TO SIGN UP FOR THE CASE  OR GO TO:  https://www.ktmc.com/new-cases/fortinet-inc?utm_source=PR_Newswire&mktm=PR ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT:Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087[email protected]  May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News