|[June 20, 2014]
Zeldes Haeggquist & Eck LLP Announces Investigation of FireEye, Inc.'s March 7, 2014 Secondary Offering
SAN DIEGO --(Business Wire)--
Haeggquist & Eck, LLP, a shareholder and consumer rights
litigation firm has commenced an investigation on behalf of shareholders
who purchased shares of FireEye,
Inc. ("FireEye (News - Alert)" or the "Company") (NASDAQ: FEYE) common stock
directly pursuant to FireEye's March 7, 2014 Secondary Offering (the "
Secondary Offering"). Specifically, Zeldes Haeggquist & Eck, LLP is
investigating whether FireEye and its top executives and officers made
false and misleading statements in the prospectus and registration
statement that the Company provided to investors in connection with the
FireEye, Inc., located in Milpitas, California, is a network security
company that aims to provide automated threat forensics and dynamic
malware protection against advanced cyber threats, such as advanced
persistent threats and spear phishing. The company's main product line
is the FireEye Threat Prevention Platform which is intended to identify
and block cyber attacks, such as targeted emails with embedded URLs or
On Mach 7, 2014, FireEye sold 14 million shares of common stock at
$82.00 a share. Less than a month after the Secondary Offering, on April
2, 2014, investors learned that FireEye had received an overall rating
of "caution" to buyers in comparative group product tests on their
breach-detection systems. Then, on May 6, 2014, FireEye announced its
first-quarter financial results, and for the second time in two
quarters, it revised its full-year guidance downward.
Management now expects a full-year loss of $2.10 to $2.30 per share on
revenue of $405 million to $415 million, versus the consensus of a
$2.03-per-share loss and revenue of $407 million. On this news, the
price of FireEye's shares declined by over 28%. FireEye's CEO David
Dewalt (News - Alert) later appeared on CNBC to apologize for the poor financial
results and confront questions over having personally sold FireEye
shares when the stock was trading at approximately $80 per share.
FireEye stock has lost over half of its value from the Secondary
Offering, and now trades under $38 a share.
What You Can Do
If you purchased FireEye
shares pursuant to the March 7, 2014 Secondary Offering, you may have
legal claims against FireEye's Officers and Directors. If you wish to
discuss this investigation, or have questions about this notice or your
legal rights, please contact attorney Amber
L. Eck at (619) 342-8000 or via email at firstname.lastname@example.org.
About Zeldes Haeggquist & Eck LLP
Haeggquist & Eck is a full-service law firm which brings major
class actions nationwide on behalf of defrauded investors and consumers
and handles a variety of complex business litigation matters. Please
or our blog
for more information about the firm.
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