LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Mentor Graphics Corp. (“Mentor” or the “Company”) (Nasdaq: MENT). Investors who purchased or otherwise acquired shares between August 21, 2014 and November 19, 2015, (the “Class Period”), are encouraged to contact the firm in advance of the May 17, 2016, lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by e-mail at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the complaint, the Company made materially false and misleading statements to investors and/or failed to disclose that: (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 substantially competitive product.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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