Mentor Graphics Corp
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Mentor Graphics Corp |
Stock Symbol : | NASDAQ: MENT |
Class Period Start: | 08/21/2014 |
Class Period End: | 11/19/2015 |
Lead Plaintiff motion: | 05/17/2016 |
Date Filed: | 03/18/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of Oregon |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the May 17, 2016 lead plaintiff deadline in a class action lawsuit filed against Mentor Graphics Corp (NASDAQ: MENT) (“Mentor Graphics” or “the Company”). The suit is pending in the U.S. District Court for the District of Oregon and investors, who purchased Mentor Graphics Corp securities between August 21, 2014 and November 19, 2015, have until May 17, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Mentor Graphics Corp 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 Mentor Graphics' customers were delaying or declining extended license agreements or demanding price concessions from the Company due to the unprecedented level of mergers and acquisitions in 2015 and earlier; demand for Mentor Graphics' emulation products had slowed as a result of the anticipated introduction of competitive products, notwithstanding defendants' assertions that it would be a long time before any competitor could release a competitive virtual emulation product; and early customer contract renewals and related bookings had the effect of moving expected bookings and revenue from future periods to earlier periods, and were not, as defendants reported, a sign that demand was strong and increasing. On November 19, 2015, Mentor Graphics revealed disappointing financial results for its third quarter of fiscal 2016 and considerably reduced its fourth quarter fiscal 2016 financial outlook. Following this news, NASDAQ: MENT share declined 35.75% on November 20, 2015. If you were negatively impacted by your investment in Mentor Graphics Corp securities between August 21, 2014 and November 19, 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. 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
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