SAN DIEGO, Oct. 1, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by an investor in shares of FireEye Inc (FEYE) over alleged securities laws violations by FireEye Inc.
If you purchased shares of FireEye Inc (FEYE) on March 7, 2014, you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org 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.
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.
Indeed, from March 2014 to May 2014 shares of FireEye declined from over $95 per share to under $27 per share.
Those who purchased shares of FireEye Inc (FEYE) on March 7, 2014 have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.