Entwistle & Cappucci LLP Announces Securities Class Action Filed on Behalf of Persons or Entities That Traded Common Stock of...
11 Junho 2020 - 11:37AM
Business Wire
Entwistle &
Cappucci LLP (“Entwistle & Cappucci”) and Susman Godfrey
L.L.P. (“Susman Godfrey”) today announced that they have filed a
securities class action lawsuit on behalf of persons or entities
that purchased or otherwise acquired common stock of Forescout
Technologies, Inc. (NYSE: FSCT) (“Forescout” or the “Company”)
during the period February 6, 2020 through May 15, 2020, inclusive
(the “Class Period”), and who thereby sustained damages (the
“Class”). The case was filed in the United States District Court
for the Northern District of California, Case No. 3:20-cv-03819
against Forescout and related defendants (collectively,
“Defendants”).
The class action asserts claims under Sections 10(b) and 20(a)
of the Securities Exchange Act of 1934. The complaint alleges that
Defendants made materially false and misleading statements and
omissions of material facts regarding the significant and
disproportionate decline in Forescout’s financial performance and
the related risk Forescout’s planned acquisition by Advent
International Corp. would not close. As a result, Class members
that purchased Forescout common stock during the Class Period did
so at artificially inflated prices. In this action, Plaintiffs
seek, among other things, an award of damages and prejudgment
interest, to Plaintiffs and other Class members.
If you wish to serve as a lead plaintiff in this matter, you
must file a motion with the Court no later than 60 days from today,
or by Monday, August 10, 2020. Any member of the proposed Class may
move the Court to serve as a lead plaintiff in this matter through
counsel of their choice, or they may choose to do nothing and
remain a member of the Class.
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact:
Andrew J. Entwistle, Esq. of Entwistle & Cappucci at (212)
894-7200 or via e-mail at aentwistle@entwistle-law.com; or Robert
N. Cappucci, Esq. of
Entwistle & Cappucci at (212)
894-7200 or via e-mail at rcappucci@entwistle-law.com.
About Entwistle & Cappucci
Entwistle & Cappucci is a national law firm providing
exceptional legal representation to clients globally in the most
complex and challenging legal matters. Our practice encompasses all
areas of litigation, including securities, antitrust, corporate
transactions, general corporate and commercial, creditor’s rights
and bankruptcy, corporate governance and fiduciary duty, government
affairs, insurance, investigations and white collar defense. Our
clients include public and private corporations, major hedge funds,
public pension funds, governmental entities, leading institutional
investors, domestic and foreign financial services companies,
emerging business enterprises and individual entrepreneurs.
About Susman Godfrey
For more than 30 years, Susman Godfrey has focused its
nationally recognized practice on just one thing: high-stakes
commercial litigation. It is one of the nation’s leading law firms,
with offices in Houston, Seattle, Los Angeles and New York. For
more information, visit www.susmangodfrey.com.
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Entwistle &
Cappucci LLP Robert N. Cappucci, Esq.
(rcappucci@entwistle-law.com) 299 Park Avenue, 20th Floor New York,
New York 10171 Telephone: (212) 894-7200 Facsimile: (212) 894-7272
www.entwistle-law.com
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