Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the USDC for the District of Oregon, Portland Division on behalf of Mentor Graphics Corp. (NASDAQ: MENT) shareholders who purchased shares between August 21, 2014 and November 19, 2015.
The complaint alleges that throughout the class period, Mentor issued false and misleading statements and/or failed to disclose that, among other allegations: (1) Mentors customers had participated in an incredible number of mergers and acquisitions in 2015 and earlier, causing the delay of purchases of Mentor’s products; and (2) demand for Mentors’ emulation products had declined as a result of competitors, despite the Company’s assurances that it would be a long time before any competitor could release a significantly competitive virtual emulation product.
If you suffered a loss in Mentor you have until May 17, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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