Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Palo Alto Networks, Inc.
Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Palo Alto Networks, Inc. |
[23-April-2024] |
RADNOR, Pa., April 23, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Palo Alto Networks, Inc. ("Palo Alto") (NASDAQ: PANW). The action charges Palo Alto with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Palo Alto's materially misleading statements and omissions to the public, Palo Alto's investors have suffered significant losses. CLICK HERE TO SUBMIT YOUR PALO ALTO LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/palo-alto-networks-inc?utm_source=PR&utm_medium=link&utm_campaign=panw&mktm=r TO VIEW OUR VIDEO, PLEASE CLICK HERE LEAD PLAINTIFF DEADLINE: APRIL 26, 2024 CLASS PERIOD: AUGUST 18, 2023 THROUGH FEBRUARY 20, 2024 CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS: Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field as well as the firm itself which is continuously awarded for the successful results we've achieved. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent. In addition to representing investors in cases where the fraud has been revealed, Kessler Topaz also represents whistleblowers - persons who expose wrongdoing to those in positions of authority or to the public- in cases brought under federal and state qui tam statutes, and through financial fraud whistleblower programs, such as those run by the SEC, CFTC and IRS. If you have information about fraud against government programs (such as Medicare), or violations of federal securities, commodities, tax or anti-foreign bribery laws, contact Kessler Topaz at (866) 369-7779 or at wbinfo@ktmc.com or go to https://www.ktmc-whistleblower.com. DEFENDANTS' ALLEGED MISCONDUCT Then, on February 20, 2024, during after-market hours, the truth was revealed when Palo Alto announced its financial results for Q2 2024 and drastically lowered its third quarter and full-year billings and revenue guidance. On an earnings call that same day, Defendants attributed the revised guidance "to a consequence of us driving a shift in our strategy in wanting to accelerate both our platformization and consolidation and activating our AI leadership" as well as due to a deal with the federal government that didn't close as expected. Following this news, Palo Alto's stock fell $104.12 per share, or more than 25%, from a close of $366.09 on February 20, 2024, to close at $261.97 on February 21, 2024. WHAT CAN I DO? CLICK HERE TO SIGN UP FOR THE CASE WHO CAN BE A LEAD PLAINTIFF? ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP CONTACT: SOURCE Kessler Topaz Meltzer & Check, LLP | ||
Company Codes: NASDAQ-NMS:PANW |