SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against A10 Networks, Inc. and Certain Officers ...
2015年2月6日 - 10:32AM
Pomerantz LLP announces that a class action lawsuit has been filed
against A10 Networks, Inc. ("A10 Networks" or the "Company")
(NYSE:ATEN) and certain of its officers. The class action, filed in
United States California Superior Court, Santa Clara County, is on
behalf of a class consisting of all persons or entities who
purchased A10 Networks securities pursuant and/or traceable to the
Registration Statement and Prospectus issued in connection with
A10's initial public stock offering on or about March 21, 2014 (the
"IPO"). This class action seeks to recover damages against
Defendants for alleged violations of the federal securities laws
under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased A10 Networks securities
during the Class Period, you have until March 30, 2015 to ask the
Court to appoint you as Lead Plaintiff for the class. A copy of the
Complaint can be obtained at www.pomerantzlaw.com. To discuss this
action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or
888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire
by e-mail are encouraged to include their mailing address,
telephone number, and number of shares purchased.
A10 Networks together with its subsidiaries, provides software
based application networking solutions in the United States, Japan,
and internationally. Its solutions are built on an advanced core
operating system platform. The company provides application
delivery controllers for optimizing data center performance;
carrier grade network address translation that offers address and
protocol translation services for service provider networks; and a
distributed denial of service threat protection system for
network-wide security protection. Its solutions enable enterprises,
service providers, Web giants, and government organizations to
enhance, secure, and optimize the performance of their data center
applications and networks.
The complaint alleges that the Registration Statement was
negligently prepared and, as a result, contained untrue statements
of material facts or omitted to state other facts necessary to make
the statements made not misleading and was not prepared in
accordance with the rules and regulations governing its
preparation.
On November 26, 2013, A10 Networks filed with the SEC a
Registration Statement on Form S-1, which would later be utilized
for the IPO following several amendments in response to comments by
the SEC. On March 21, 2014, the SEC declared the Registration
Statement effective and A10 Networks and the underwriter defendants
priced the IPO at $15 per share and filed the final Prospectus for
the IPO, which forms part of the Registration Statement
(collectively, the "Registration Statement"). The Company sold nine
million shares in the IPO and certain "Selling Stockholders" sold
another 3.845 million shares, including shares sold pursuant to the
underwriters' overallotment.
October 8, 2014, the Company announced third quarter revenue of
approximately $43.0 million to $43.5 million, below the company's
prior guidance of $48.0 million to $50.0 million. On this news,
shares of A10 Networks fell $3.35, or 42%, to close at $4.55 on
October 8, 2014.
The Pomerantz Firm, with offices in New York, Chicago, Florida,
and San Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
CONTACT: Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
A10 Networks (NYSE:ATEN)
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