EXTR ALERT: Rigrodsky Law, P.A. Is Investigating Extreme Networks, Inc. On Behalf of Shareholders
Rigrodsky Law, P.A. has announced an investigation into potential claims against Extreme Networks (NASDAQ: EXTR) officers and directors on behalf of stockholders. The investigation concerns shareholders who purchased or acquired Extreme Networks shares on or before June 27, 2022. Stockholders can learn more about their rights and the investigation through the law firm's website or by contacting Leah Wihtelin.
Rigrodsky Law, P.A. ha annunciato un'indagine su potenziali reclami contro gli Extreme Networks (NASDAQ: EXTR) dirigenti e amministratori per conto degli azionisti. L'indagine riguarda gli azionisti che hanno acquistato o acquisito azioni di Extreme Networks entro il 27 giugno 2022. Gli azionisti possono scoprire di più sui loro diritti e sull'indagine attraverso il sito web dello studio legale o contattando Leah Wihtelin.
Rigrodsky Law, P.A. ha anunciado una investigación sobre posibles reclamaciones contra los oficiales y directores de Extreme Networks (NASDAQ: EXTR) en nombre de los accionistas. La investigación se refiere a los accionistas que compraron o adquirieron acciones de Extreme Networks hasta el 27 de junio de 2022. Los accionistas pueden obtener más información sobre sus derechos y la investigación a través del sitio web del bufete de abogados o contactando a Leah Wihtelin.
Rigrodsky Law, P.A.는 Extreme Networks (NASDAQ: EXTR)의 임원 및 이사에 대한 잠재적 청구에 대한 조사를 발표했습니다. 이 조사는 2022년 6월 27일 이전에 Extreme Networks 주식을 구매하거나 취득한 주주를 대상으로 합니다. 주주들은 법률 사무소의 웹사이트를 통해 자신들의 권리와 조사에 대해 더 많은 정보를 얻거나 Leah Wihtelin에게 연락할 수 있습니다.
Rigrodsky Law, P.A. a annoncé une enquête sur des réclamations potentielles contre les dirigeants et administrateurs de Extreme Networks (NASDAQ: EXTR) au nom des actionnaires. L'enquête concerne les actionnaires qui ont acheté ou acquis des actions d'Extreme Networks au ou avant le 27 juin 2022. Les actionnaires peuvent en savoir plus sur leurs droits et l'enquête via le site web du cabinet d'avocats ou en contactant Leah Wihtelin.
Rigrodsky Law, P.A. hat eine Untersuchung möglicher Ansprüche gegen die Extreme Networks (NASDAQ: EXTR) Führungskräfte und Direktoren im Namen der Aktionäre angekündigt. Die Untersuchung betrifft Aktionäre, die Aktien von Extreme Networks bis zum 27. Juni 2022 gekauft oder erworben haben. Aktionäre können mehr über ihre Rechte und die Untersuchung auf der Website der Kanzlei erfahren oder Leah Wihtelin kontaktieren.
- None.
- Legal investigation launched against company officers and directors, potentially indicating governance issues
- Potential legal liabilities and associated costs could impact company finances
- Investigation may affect investor confidence and stock price
Insights
The announcement of a law firm investigation into Extreme Networks represents a standard legal process that rarely leads to significant financial impact. These investigations are common and typically seek to determine if there were any breaches of fiduciary duty or securities laws. The investigation's focus on purchases before June 2022 suggests it's related to historical events rather than current operations.
The lack of specific allegations or claims in the announcement indicates this is a preliminary investigation, which is often more about gathering information than pursuing immediate legal action. Most such investigations do not materially affect company operations or stock value. However, investors should monitor for any subsequent formal legal proceedings or class action developments.
WILMINGTON, DE / ACCESSWIRE / October 26, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Extreme Networks, Inc. ("Extreme Networks" or the "Company") (NASDAQ GS:EXTR) on behalf of stockholders.
If you purchased or otherwise acquired Extreme Networks shares on or before June 27, 2022 and want to learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-extreme-networks-inc. You may also contact Leah Wihtelin cost free at (516) 693-8926 or by email at lw@rl-legal.com.
About the Investigation:
The investigation concerns whether Extreme Networks and certain of its directors and/or officers issued materially misleading information and/or failed to disclose material information to the investing public. Specifically, the investigation concerns whether Extreme Networks and certain of its directors and/or officers failed to disclose to shareholders, among other things, that: (i) Extreme Networks was suffering from adverse client demand trends as its clients had ordered more product from the Company than needed in the wake of the COVID-19 pandemic; (ii) the Company was offsetting the adverse demand trends by fulfilling backlog orders in a manner that materially exceeded the proportion represented to investors; and (iii) as a result, Extreme was drawing down its backlog at a much faster rate than it was representing.
About Rigrodsky Law:
Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT
Rigrodsky Law, P.A.
Seth D. Rigrodsky, Esq.
Gina M. Serra, Esq.
Call or Text: (302) 295-5310
Email: info@rl-legal.com
SOURCE: Rigrodsky Law
View the original press release on accesswire.com
FAQ
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