NEW ORLEANS, April 29, 2016 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 17, 2016 to file lead plaintiff applications in a securities class action lawsuit against Mentor Graphics Corp (NasdaqGS: MENT), if they purchased the Company's securities between August 21, 2014 and November 19, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Oregon.
What You May Do
If you purchased shares of Mentor Graphics 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, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 17, 2016.
About the Lawsuit
Mentor Graphics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false statements and omissions include, but are not limited to: (i) customers were delaying or declining extended license agreements or demanding price concessions from the Company; (ii) demand for emulation products had slowed as a result of the anticipated introduction of competitive products; and (iii) early customer contract renewals and related bookings had the effect of moving expected bookings and revenue from future periods to earlier periods, and were not, as defendants reported, a sign that demand was strong and increasing.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC