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Investigation announced for Long Term Investors in shares of Forescout Technologies, Inc. (NASDAQ: FSCT)

04-13-2020 06:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Forescout Technologies, Inc. (NASDAQ: FSCT) shares.

An investigation on behalf of current long term investors in Forescout Technologies, Inc. (NASDAQ: FSCT) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Forescout Technologies, Inc..

Investors who are current long term investors in Forescout Technologies, Inc. (NASDAQ: FSCT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: FSCT stocks follows a lawsuit filed against Forescout Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FSCT stocks, concerns whether certain Forescout Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that 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 Europe, the Middle East, and Africa, that the foregoing was reasonably likely to have a material negative impact on the Company's financial results, and that as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Forescout Technologies, Inc. (NASDAQ: FSCT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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