Thieler Law Corp advises investors with losses exceeding $100,000 of the December 22, 2015 lead plaintiff deadline in a class action lawsuit filed against Extreme Networks Inc (NASDAQ: EXTR) (“Extreme Networks” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Extreme Networks securities between November 4, 2013 and April 9, 2015, have until December 22, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Extreme Networks Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Extreme Networks Inc failed to include unfavorable information in regards to its current financial condition and fiscal 2015 outlook. Extreme Network Inc also failed to mention that the Company was unsuccessful integrating Enterasys Networks Inc, that was acquired by Extreme Network in 2013 which significantly harmed the Company's ability to tackle continued sales problems. Also, Extreme Networks had a partnership with Lenovo but during November 4, 2013 and April 9, 2015 did not have sufficient visibility into Lenovo's server business plans to support the Company's quarterly and fiscal 2015 financial forecasts.

As a result of Extreme Networks misrepresentation, Extreme Networks Inc (NASDAQ: EXTR) stock traded at artificially inflated prices during November 4, 2013 and April 9, 2015, reaching a high of $8.14 per share in intraday trading on January 23, 2014.

On April 9, 2015, Extreme Networks Inc (NASDAQ: EXTR) announced that third quarter 2015 results would miss the Company’s previously stated guidance and that Extreme Networks Chief Revenue Officer, hired to manage the integration of the Extreme Networks and Enterasys salesforces, was no longer with the Company.

On this news, the Company's stock price fell almost 25%, from $3.24 per share to $2.50 per share.

If you were negatively impacted by your investment in Extreme Networks Inc securities between November 4, 2013 and April 9, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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