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FSCT.US
id: 1628

Forescout Technologies ($FSCT) Investor Settlement

The parties have reached an agreement to settle the case, but the terms are still being finalized.
N.D. California
Court
3:20-cv-00076
Case number
02/07/2019
Class period Start
05/15/2020
Class period End
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.
Case Type
US Securities Class Action
Case Status
Tentative Settlement
Alleged Offence
Mismanagement, 
Misleading Statements, 
Financial Misrepresentation, 
Fraud, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Filing date
01/02/2020
Plaintiffs
Plymouth County Retirement Association
Attorneys
Bernstein Litowitz Berger & Grossmann LLP; Block & Leviton LLP
Defendants
Michael DeCesare; Christopher Harms
Trades matching type
FIFO

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Forescout Technologies, Inc.

Forescout Technologies, Inc. is a U.S.-based cybersecurity company specializing in automated security control solutions. The company offers a platform that provides real-time visibility and control...

    Ticker
    FSCT.US
    Sector
    Technology
    Industry
    Cybersecurity / Network Security
    Country
    United States
    Address
    300 Santana Row, Suite 400, San Jose, CA 95128