A lawsuit was filed for investors who purchased shares of FireEye Inc (NASDAQ:FEYE) on March 7, 2014 at $82 per share and NASDAQ:FEYE stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 10/21/2014 -- An investor who purchased shares FireEye Inc (NASDAQ:FEYE) filed a lawsuit against FireEye over alleged securities laws violations in connection with the March 7, 2014, stock offering at $82 per share.
Investors who purchased shares of FireEye Inc (NASDAQ:FEYE) on March 7, 2014 at $82 per share have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that FireEye Inc and several of its top executives and directors made materially misleading statements and omitted material information in connection with the March 7, 2014 stock offering at $82 per share.
The plaintiff claims that FireEye issued a statement in March 2014 saying its sales growth remained very strong and it appeared that profitability was becoming more achievable while later it was revealed that these representations were untrue and or failed to disclose that among other things FireEye was having problems integrating Mandiant into its business, as well as other future acquisitions, and the acquisition’s impact on future revenues, and that it was having problems with its securities breach detection software.
The plaintiff alleges that as a result of certain materially misleading and inaccurate statements and/or omissions the value of FireEye common stock was artificially inflated and declined by over 60% after the truth was revealed.
Shares of FireEye Inc (NASDAQ:FEYE) declined from over $95 per share since early March 2014 to as low as $24.81 per share on Octboer 13, 2014.
Those who purchased shares of FireEye Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego