An investigation for investors in NASDAQ:MENT shares was announced over possible breaches of fiduciary duties by certain Mentor Graphics directors.
Investors who are current long term investors in Mentor Graphics Corp (NASDAQ:MENT) 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 investors in NASDAQ:MENT stocks follows a lawsuit filed against Mentor Graphics over alleged securities laws violations. The investigation on behalf of investors in NASDAQ:MENT stocks, concerns whether certain Mentor Graphics directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 21, 2014 and November 19, 2015 defendants made false and misleading statements and/or failed to disclose adverse information regarding Mentor Graphics’ business and prospects, including that Mentor Graphics’ customers were delaying or declining extended license agreements or demanding price concessions from the Company due to the unprecedented level of mergers and acquisitions in 2015 and earlier, that demand for Mentor Graphics’ emulation products had slowed as a result of the anticipated introduction of competitive products, notwithstanding defendants’ assertions that it would be a long time before any competitor could release a competitive virtual emulation product, and that 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. The plaintiff says that as a result of these allegedly false and misleading statements and/or omissions, Mentor Graphics common stock traded at artificially inflated prices of over $27 per share between August 21, 2014 and November 19, 2015.
Those who purchased NASDAQ:MENT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com