Forescout Technologies, Inc.
Lead Plaintiff Deadline: 03/02/2020
SUMMARY OF CASE:
A securities class action has been filed against Forescout Technologies, Inc. (FSCT) on behalf of a class consisting of all persons and entities, other than Defendants, who purchased or otherwise acquired Forescout securities between February 7, 2019 through October 9, 2019. This case has been filed in the USDC – N.D.Cal.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company’s pipeline, especially in Europe, the Middle East, and Africa (“EMEA”); (ii) the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.