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"In re FireEye, Inc. Securities Litigation"
Case Number:
5:14-cv-05204
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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November 14, 2016
FireEye Beats Investors' Stock-Drop Class Action
A California federal judge on Monday tossed a stock-drop class action alleging FireEye Inc. didn’t warn investors it was changing to a higher-cost business model, saying the cybersecurity company’s estimates and financial predictions weren’t material misrepresentations or omissions of fact but, rather, examples of corporate optimism.
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March 13, 2015
FireEye Investors Must Rethink Lead Plaintiff Bid, Judge Says
A California federal judge has denied the appointment of a lead plaintiff in a stock-drop suit alleging FireEye Inc. didn't warn investors it was changing to a higher cost, labor-intensive business model for addressing data breaches, saying continued squabbling among the parties necessitates further discussion on the issue.
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November 25, 2014
FireEye Shareholders Say Execs Lied To Create Big IPO
A potential shareholder class sued FireEye Inc. in California federal court on Friday, alleging that the network security provider misled investors about its business model and fundamentals, which led to an inflated stock price that rapidly declined after its two offerings.