May 17 Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit ...
May 11 2016 - 11:59AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming May 17, 2016 deadline to file a lead plaintiff
motion in the class action filed on behalf of a class (the “Class”)
of investors who purchased Mentor Graphics Corp. (“Mentor ” or the
“Company”) (NASDAQ: MENT) securities between August 21, 2014 and
November 19, 2015, inclusive (the “Class Period”). Investors
that have suffered $100,000 or more in losses on their investment
in Mentor securities and wish to take an active role in this
lawsuit are encouraged to contact Howard G. Smith, Esq.
The complaint alleges that 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.
If you purchased Mentor securities, you may move the Court no
later than May 17, 2016 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160511006185/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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