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GPM Reminds Investors of the May 17 Deadline in the Class Action Lawsuit Against Mentor Graphics Corp.Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming May 17, 2016 deadline to file a lead plaintiff motion in the class action filed by GPM on behalf of a class (the "Class") of investors who purchased Mentor Graphics (News - Alert) Corp. ("Mentor " or the "Company") (NASDAQ: MENT) securities between August 21, 2014 and November 19, 2015, inclusive (the "Class Period"). Mentor investors have until May 17, 2016 to file a lead plaintiff motion. The complaint alleges that throughout the class period, defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Mentor Graphics' customers were delaying or declining extended license agreements or demanding price conessions from Mentor Graphics due to the unprecedented level of mergers and acquisitions in 2015 and earlier; (2) demand for Mentor Graphics' emulation products had slowed as a result of the anticipated introduction of competitive products, notwithstanding defendants' assertions that it would be a long time before any competitor could release a competitive virtual emulation product; (3) early customer contract renewals and related bookings had the effect of moving expected bookings and revenue from future periods to earlier periods, and were not, as defendants reported, a sign that demand was strong and increasing; and (4) as a result Mentor Graphics' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you purchased Mentor Graphics shares, you may move the Court no later than May 17, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: http://www.businesswire.com/news/home/20160512006042/en/ |
