Blue Coat Systems, Inc. is an American company that sells hardware, software, and services for cybersecurity and network management.

According to a press release dated August 30, 2011, the Defendants violated federal securities laws when they mislead investors through public statements.

Specifically, the lawsuit alleges that, among other things, the Company overstated demand for its products in its European markets throughout the Class Period. The lawsuit further alleges the Company concealed difficulties it was facing maintaining customers after the initial installation of its products.

On December 9, 2011, the Court issued an order appointing lead Plaintiff and approving the selection of lead Counsel.

On February 17, 2012, Plaintiffs filed an amended Complaint.

On January 25, 2013, the Court issued an order granting the motion to dismiss. The Plaintiffs were allowed to submit an amended Complaint within thirty days of the order. Plaintiffs filed their amended Complaint on February 25.

On September 23, 2013, the Court issued an order granting the motion to dismiss with prejudice.