The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Forescout Technologies, Inc. (NASDAQ: FSCT) who purchased shares between February 6, 2020 and May 15, 2020. 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 Forescout lawsuit alleges that (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout’s planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times.
Shareholders have until August 10, 2020 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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