AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

FORESCOUT SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Forescout Technologies, Inc. - FSCT

January 9, 2020 GMT

NEW ORLEANS--(BUSINESS WIRE)--Jan 8, 2020--

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 2, 2020 to file lead plaintiff applications in a securities class action lawsuit against Forescout Technologies, Inc. (NasdaqGS: FSCT), if they purchased the Company’s securities between February 7, 2019 and October 9, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Forescout and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-fsct/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 2, 2020.

About the Lawsuit

Forescout and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 10, 2019, pre-market, the Company announced its 3Q2019 results including a decrease revenue guidance from between $98.8M - $101.8M down to $90.6M - $91.6M, citing “extended approval cycles which pushed several deals out of the third quarter,” which “was most pronounced in [Europe, the Middle East, and Africa].”

On this news, the price of Forescout’s shares plummeted over 37%.

The case is Sayce v. Forescout Technologies, Inc. et al, 3:20cv76.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005901/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Kahn Swick & Foti, LLC

Copyright Business Wire 2020.

PUB: 01/08/2020 07:30 PM/DISC: 01/08/2020 07:30 PM

http://www.businesswire.com/news/home/20200108005901/en