SOURCE: Kahn Swick & Foti, LLC

May 24, 2013 22:00 ET

ARUBA NETWORKS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Aruba Networks, Inc. - ARUN

NEW ORLEANS, LA--(Marketwired - May 24, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 22, 2013 to file lead plaintiff applications in a securities class action lawsuit against Aruba Networks, Inc. (NASDAQ: ARUN), if they purchased the Company's securities during the period between May 17, 2012 and May 16, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased shares of Aruba Networks 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 (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 22, 2013.

About the Lawsuit

Aruba Networks and certain of its senior executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws. 

These false statements and omissions included, in part, that: (a) the Company did not hold a competitive advantage over Cisco Systems, Inc. ("Cisco"); (b) the Company was well aware of the weaknesses in Aruba's marketing abilities given the "bundling" advantages that Cisco held over Aruba; (c) Cisco's bundling practices would greatly undermine the Company's market share and overall success rate in signing contracts with clients; and (d) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

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