STOCK NOTICE: Rosen Law Firm Reminds Mentor Graphics Corporation Investors of Important May 17 Deadline in Class Action - MEN...
May 06 2016 - 02:15PM
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Mentor Graphics Corporation securities (NASDAQ:MENT)
from August 21, 2014 through November 19, 2015, both dates
inclusive (the “Class Period”) of the important May 17, 2016 lead
plaintiff deadline in the class action. The lawsuit seeks to
recover damages for Mentor Graphics investors under the federal
securities laws.
To join the Mentor Graphics class action, go to the
firm’s website at http://rosenlegal.com/cases-864.html or call
Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or
email pkim@rosenlegal.com or kchan@rosenlegal.com for more
information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, throughout the Class
Period defendants issued false and misleading statements to
investors and/or failed to disclose that: (1) Mentor Graphics’
customers were delaying or declining extended license agreements or
demanding price concessions from Mentor Graphics due to the
unprecedented level of mergers and acquisitions in 2015 and
earlier; (2) 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; (3) 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; and (4) as
a result Mentor Graphics’ public statements were materially false
and misleading at all relevant times. When the true details entered
the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If
you wish to serve as lead plaintiff, you must move the Court no
later than May 17, 2016. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://rosenlegal.com/cases-864.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Attorney Advertising.
Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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