An investigation on behalf of current long term investors in Mentor Graphics Corp (NASDAQ:MENT) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:MENT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/08/2016 -- Certain directors of Mentor Graphics Corp are under investigation over potential wrongdoing. The investigation was announced for current long-term investors in NASDAQ:MENT concerning potential breaches of fiduciary duties by certain directors of Mentor Graphics.
Investors who are current long term investors in Mentor Graphics Corp (NASDAQ:MENT) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm for current long term investors in NASDAQ:MENT stocks follows a lawsuit filed against Mentor Graphics over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:MENT stocks, concerns whether certain Mentor Graphics directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of Oregon 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 shares of Mentor Graphics Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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