SOURCE: Kahn Swick & Foti, LLC

April 15, 2016 22:03 ET

The Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Remind Large Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against Mentor Graphics Corp. - MENT

NEW ORLEANS, LA--(Marketwired - April 15, 2016) - 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 (NASDAQ: 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 (lewis.kahn@ksfcounsel.com). 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.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn, Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447