SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Mentor Graphics Corp. of Class Action Lawsuit & a Lead Plain...
May 06 2016 - 12:44PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Mentor Graphics Corp. (“Mentor” or
the “Company”) (NASDAQ:MENT) between August 21, 2014 and November 19,
2015.
You are hereby notified that a securities class action
has been commenced in the USDC for the District of Oregon, Portland
Division. If you purchased or otherwise acquired Mentor securities
between August 21, 2014 and November 19, 2015, your rights may be
affected by this action. To get more information go to:
http://www.zlk.com/pslra/mentor-graphics-corp.
The complaint alleges that throughout the class period, Mentor
issued false and misleading statements and/or failed to disclose
that, among other allegations: (1) Mentors customers had
participated in an incredible number of mergers and acquisitions in
2015 and earlier, causing the delay of purchases of Mentor’s
products; and (2) demand for Mentors’ emulation products had
declined as a result of competitors, despite the Company’s
assurances that it would be a long time before any competitor could
release a significantly competitive virtual emulation product.
If you suffered a loss in Mentor you have until May 17, 2016 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. To obtain
additional information, contact Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/mentor-graphics-corp.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160506005631/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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