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FSCT.US

id: 1628

Forescout Technologies ($FSCT) Investor Settlement

Late claims are being considered for compensation, subject to approval.

$45,000,000

Cash Settlement

N.D. California

Court

3:20-cv-00076

Case number

05/10/2019

Class period Start

05/15/2020

Class period End

12/01/2025

Claim deadline

Forescout Technologies has reached a settlement with $FSCT investors over claims that it misled the market about the strength of its sales pipeline and the likelihood of closing key deals ahead of its planned acquisition.

Outline:

Forescout Technologies announced plans to be acquired by Advent International in 2020. Investors later alleged the company overstated the strength of its sales pipeline and business performance. After several large deals failed to close and the merger was terminated, the stock declined sharply. Investors filed suit and Forescout later agreed to a settlement.

Timeline:
February 6, 2020: Forescout announced a $1.9 billion acquisition agreement with Advent International.
May 18, 2020: Forescout disclosed that Advent was terminating the merger agreement due to performance concerns.
May 19, 2020: $FSCT declined nearly 24% following the announcement.
June 17, 2020: Investors filed a securities class action lawsuit.
June 2025: Forescout reached a settlement to resolve the claims.
Background:

Forescout Technologies is a cybersecurity company that provides network security and device visibility solutions. In early 2020, the company agreed to be acquired by private equity firm Advent International in a transaction valued at approximately $1.9 billion.

During this period, Forescout told investors that its business performance remained strong and that its sales pipeline supported future growth. Investors later alleged the company overstated the strength of its pipeline and the likelihood that certain large deals would close.

In May 2020, Forescout disclosed that Advent International intended to terminate the merger agreement, citing concerns about the company’s business performance. The announcement raised questions about the accuracy of the company’s earlier statements.

Following the disclosure and the decline in $FSCT’s stock price, investors filed a securities class action alleging that Forescout’s statements about its sales pipeline and business outlook were misleading.

What Can Investors Expect Now?

Forescout Technologies agreed to a settlement with $FSCT investors to resolve claims that it misled them about the strength of its sales pipeline and the likelihood of closing key deals ahead of its planned acquisition.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Mismanagement,

Misleading Statements,

Financial Misrepresentation,

Fraud,

Failure to Disclose

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

1.18

Filing date

01/02/2020

Plaintiffs

Plymouth County Retirement Association

Attorneys

Bernstein Litowitz Berger & Grossmann LLP; Block & Leviton LLP

Defendants

Michael DeCesare; Christopher Harms

Administrator

EPIQ

Court hearing date

12/05/2025

Objection deadline

11/14/2025

Attorney fee

$15,500,000

Trades matching type

FIFO

Frequently Asked Questions

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