NEW YORK, March 9, 2015 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of A10 Networks, Inc. ("A10" or the "Company") (NYSE:
ATEN), concerning whether the board has breached its fiduciary
duties to shareholders.
On March 21, 2014, A10 conducted
its initial public offering and sold 12.5 million shares at
$15 each. A little more than
six months later, on October 8, 2014,
A10 announced disappointing preliminary results for the quarter and
revised its forecast due to "lower than expected North America bookings and longer close
cycles." On this news, A10 stock fell over 40%. A10
stock is currently trading at less than $5 per share.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own A10 shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP