A10 Networks Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | A10 Networks Inc |
Stock Symbol : | NYSE: ATEN |
Class Period Start: | 02/09/2016 |
Class Period End: | 01/30/2018 |
Lead Plaintiff motion: | 05/21/2018 |
Date Filed: | 03/22/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the May 21, 2018 lead plaintiff deadline in a class action lawsuit filed against A10 Networks Inc (NYSE: ATEN) (“A10 Networks” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased A10 Networks Inc securities between February 9, 2016 and January 30, 2018, have until May 21, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased A10 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 A10 had issues with its internal controls that required an Audit Committee investigation; A10's revenues since the fourth quarter of 2015 were false due to improper revenue recognition, which prompted an investigation by the Company’s Audit Committee; and as a result, Defendants' public statements were materially false and misleading at all relevant times. On January 16, 2018, A10 Networks revealed that it expected fourth quarter 2017 revenue to be between $55.5 million and $56.0 million, which was below its prior guidance of $64.0 million to $67.0 million. Following this news, NYSE: ATEN fell nearly 14%, thereby injuring investors. On January 30, 2018, A10 Networks revealed that the Company’s Audit Committee was investigating the Company’s revenue recognition practices from the fourth quarter of 2015 through the fourth quarter of 2017, inclusive. Following this news, NYSE: ATEN fell nearly 12% on January 31, 2018. If you were negatively impacted by your investment in A10 Networks Inc securities between February 9, 2016 and January 30, 2018 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |