Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud

Reuters11-12

Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud

A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

MaxGain
11-19
MaxGain
Hoping that they get sued and go bloody bankrupt.

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The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251112:nNDL9KXxDq:1","article_id":"2582376778","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582376778","pubTimestamp":1762951528,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. 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While PUBT strives to provide accurate and timely information, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","FTNT":"飞塔信息","BK4585":"ETF&股票定投概念","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0079474960.USD":"联博美国增长基金A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4097":"系统软件","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4532":"文艺复兴科技持仓","BK4560":"网络安全概念","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC"},"translate_title":"Fortinet因涉嫌证券欺诈面临集体诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTNT":0.9},"content_text":"Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud\n    \n\n        A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":501988014555984,"gmtCreate":1763565208266,"gmtModify":1763565212144,"author":{"id":"3575426937784230","authorId":"3575426937784230","name":"MaxGain","avatar":"https://static.tigerbbs.com/1e7ec5528a5a65cfeab0826428adcb08","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3575426937784230","idStr":"3575426937784230"},"htmlText":"Hoping that they get sued and go bloody bankrupt.","listText":"Hoping that they get sued and go bloody bankrupt.","text":"Hoping that they get sued and go bloody bankrupt.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/501988014555984","repostId":2582376778,"repostType":2,"repost":{"id":"2582376778","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1762951528,"share":"https://ttm.financial/m/news/2582376778?lang=&edition=fundamental","pubTime":"2025-11-12 20:45","market":"nz","language":"en","title":"Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=2582376778","media":"Reuters","summary":"A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, ","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFortinet Faces Class Action Lawsuit Over Alleged Securities Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-12 20:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","FTNT":"飞塔信息","BK4585":"ETF&股票定投概念","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0079474960.USD":"联博美国增长基金A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4097":"系统软件","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4532":"文艺复兴科技持仓","BK4560":"网络安全概念","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251112:nNDL9KXxDq:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2582376778","content_text":"Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud\n    \n\n        A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud on behalf of investors who suffered losses between November 8, 2024, and August 6, 2025. The complaint claims that Fortinet made false statements and concealed important information regarding the company's product refresh cycle, specifically related to its FortiGate firewalls. It is alleged that Fortinet misrepresented the potential profitability of the refresh cycle and did not accurately disclose the scope and pace of the upgrades. The lawsuit also claims that the company had already accelerated much of the refresh process by the end of the second quarter of 2025, contrary to previous suggestions that the momentum would build over two years. Investors seeking more information are encouraged to contact the law firm handling the case.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1100667) on November 12, 2025, and is solely responsible for the information contained therein.","news_type":1,"symbols_score_info":{"FTNT":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2582376778","isCrawlerRequest":true}