INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Extreme Networks, Inc. of Class Action Lawsuit and a Lead Plain...
November 17 2015 - 12:38PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of Extreme Networks,
Inc. (“Extreme Networks”) (Nasdaq:EXTR) between
November 4, 2013 and April 9,
2015.
You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Northern District of California. If you purchased or otherwise
acquired Extreme Networks shares, your rights may be affected by
this action. To get more information go to:
http://zlk.9nl.com/extreme-networks-extr
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
The complaint alleges that during the Class
Period, defendants issued false and/or misleading statements and/or
omitted adverse information including that the Company’s
revenue growth depended on the successful integration of Enterasys
Networks, Inc., which had not successfully integrated, materially
impairing the Company’s ability to address persisting sales
problems. In addition, Extreme Networks had begun an alliance with
Lenovo, but defendants did not have sufficient visibility into
Lenovo’s server business plans to support the Company’s quarterly
and fiscal 2015 financial forecasts.
On April 9, 2015, after the markets closed,
Extreme Networks announced that it would miss guidance for the
third quarter of 2015. The Company also announced that
trading in its shares had been halted and that Jeff White, the
Company’s Chief Revenue Officer was no longer with the Company.
If you suffered a loss in Extreme
Networks you have until December 22, 2015 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, Connecticut and Washington D.C.
The firm’s attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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