Levi & Korsinsky, LLP announces that a CTXS class action lawsuit has been filed on behalf of investors who purchased Citrix Systems, Inc. (CTXS) securities between January 22, 2020, and October 6, 2021. For more on the CTXS Lawsuit please contact us today.
According to the Citrix lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: the transition from on-premise to the cloud product was going smoothly. In addition, in response to the COVID-19 pandemic and the shift to remote work, Citrix created a shorter duration, on-premise subscription license (the “Business Continuity Licenses”) that the Company offered at a discounted rate, and which Defendants claimed would transition to cloud accounts after the one-year license expired. As a result of Defendants’ misrepresentations, Citrix common stock traded at artificially inflated prices during the Class Period.
If you suffered a loss in Citrix you have until January 18, 2022, 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171