Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 10, 2020 to file lead plaintiff applications in a securities class action lawsuit against Forescout Technologies, Inc. (NYSE: FSCT).
Forescout and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 18, 2020, the Company disclosed that Advent International Corporation “would not be proceeding to consummate the acquisition of Forescout” per the February 6, 2020 merger agreement, despite the Company’s prior representations regarding the transaction and its positive financial performance.
On this news, the price of Forescout’s shares plummeted 23.5%, wiping out approximately $300 million in market capitalization.
If you purchased shares of Forescout and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is The Arbitrage Fund, et al. v. Forescout Technologies, Inc. et al., 3:20-cv-03819.
Click here to read the first filed complaint.