Investors who hold shares of Extreme Networks, Inc. (NASDAQ: EXTR) should contact the Shareholders Foundation in connection with Investigation

An investigation was announced for current long-term investors in shares of Extreme Networks, Inc. (NASDAQ: EXTR) concerning potential breaches of fiduciary duties by certain directors and officers of Extreme Networks, Inc..

Investors who are current long term investors in Extreme Networks, Inc. (NASDAQ: EXTR) 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: EXTR stocks follows a lawsuit filed against Extreme Networks, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EXTR stocks, concerns whether certain Extreme Networks, 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, among other things, Extreme Networks was suffering from adverse client demand trends as its clients had ordered more product from Extreme Networks than needed in the wake of the COVID-19 pandemic and that Extreme Networks was increasingly offsetting these adverse organic demand trends with the fulfillment of backlog orders in a manner that materially exceeded the proportion represented to investors.

Those who purchased shares of Extreme Networks, Inc. (NASDAQ: EXTR) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

This release was published on openPR.