NEW YORK, Jan. 9, 2020 /PRNewswire/ -- Bernstein
Liebhard, a nationally acclaimed investor rights law firm, reminds
investors of the deadline to file a lead plaintiff motion in a
securities class action filed on behalf of investors that purchased
or acquired the securities of Forescout Technologies, Inc.
("Forescout" or the "Company") (NASDAQ: FSCT) between February 7, 2019, and October 9, 2019, both dates inclusive (the "Class
Period"). The lawsuit was filed in the United States District Court for the
Northern District of California
alleges violations of the Securities Exchange Act of 1934.
If you purchased Forescout securities, and/or would like to
discuss your legal rights and options please visit Forescout
Shareholder Class Action or contact Matthew
E. Guarnero toll free at (877) 779-1414 or
MGuarnero@bernlieb.com.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and misleading statements, and
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, it is alleged
that Defendants made materially false and misleading statements
about: (i) Forescout was experiencing significant volatility with
respect to large deals and issues related to the timing and
execution of deals in the Company's pipeline, especially in EMEA;
(ii) the foregoing was reasonably likely to have a material
negative impact on the Company's financial results; and (iii) as a
result, the Company's public statements were materially false and
misleading at all relevant times
On October 10, 2019, during
pre-market hours, Forescout issued a press release announcing
preliminary 3Q19 financial results. That press release lowered
3Q19 revenue guidance to $90.6
million to $91.6 million,
compared to prior revenue guidance of $98.8
million to $101.8 million, and
market consensus of $100.52
million. In explaining these results, Defendants cited
"extended approval cycles which pushed several deals out of the
third quarter," which "was most pronounced in EMEA."
If you purchased Forescout securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/forescouttechnologiesinc-fsct-shareholder-class-action-lawsuit-stock-fraud-237/apply/ contact
Matthew E. Guarnero toll free at
(877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court
no later than March 2, 2020. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in The
Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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