KASKELA LAW LLC: Stockholder Update and Final Deadline Alert for A10 Networks, Inc. Investors
July 24 2018 - 10:10AM
Business Wire
Company Admits Accounting Errors and Plans to Restate
Historical Financial Results
Kaskela Law LLC announces that a shareholder class action
lawsuit has been filed against A10 Networks, Inc. (NYSE: ATEN)
(“A10” or the “Company”) on behalf of investors who purchased the
Company’s common stock between February 9, 2016 and January 30,
2018, inclusive (the “Class Period”).
UPDATE AND FINAL DEALINE ALERT: Investors who purchased
A10’s common stock during the Class Period may, no later than July 27, 2018, seek to be
appointed as a lead plaintiff of the class. A10 investors are
encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.)
at (484) 258 – 1585 or (888) 715 – 1740, or via
http://kaskelalaw.com/case/a10-networks/, for additional
information about this action or to discuss their important legal
rights and options.
The shareholder class action complaint alleges that A10 made a
series of false and misleading statements to investors about the
Company’s financial statements and internal controls during the
Class Period. The complaint further alleges that, as a result of
the foregoing, investors purchased A10’s common stock at
artificially inflated prices during the Class Period and sustained
significant investment losses following the Company’s
disclosures.
Specifically, on January 30, 2018, A10 disclosed that the
Company’s Audit Committee was investigating certain of its
historical accounting practices. Following this news, shares of
A10’s common stock fell $0.86 per share, or over 12%, to close on
January 31, 2018 at $6.13. Subsequently, on July 2, 2018, A10
admitted that certain of its historical financial statements
“should no longer be relied upon and should be restated.”
A10 investors are encouraged to contact Kaskela Law LLC to
discuss this action or visit
http://kaskelalaw.com/case/a10-networks/ for additional
information and to submit their information online. Kaskela Law LLC
exclusively represents investors in state and federal courts
throughout the country. For additional information about Kaskela
Law LLC please visit www.kaskelalaw.com.
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KASKELA LAW LLCDavid Seamus Kaskela, Esq.201 King of
Prussia RoadSuite 650Radnor, PA
19087484-258-1585888-715-1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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