The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of A10 Networks, Inc. (NYSE: ATEN) who purchased shares between February 9, 2016 and January 30, 2018. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the ATEN lawsuit alleges that (1) A10 had issues with its internal controls that required an Audit Committee investigation; (2) A10's revenues since the fourth quarter of 2015 were false due to improper revenue recognition, which prompted an investigation by the Companyâ€™s Audit Committee; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.
Shareholders have until July 27, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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