On or around 02/26/2019 (Ongoing date of last review)
Filing Date: March 22, 2018
A10 Networks, Inc. ("A10") provides software and hardware solutions in the United States and internationally. A10 is a Secure Application Services™ company, providing a range of high performance application networking solutions that help organizations ensure that their data center applications and networks remain highly available, accelerated and secure.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) A10 Networks had issues with its internal controls that required an Audit Committee investigation; (2) A10 Networks’ revenues since the fourth quarter of 2015 were false due to improper revenue recognition which prompted an investigation by the Company’s Audit Committee; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On August 31, 2018, the Court issued an Order appointing Lead Plaintiff. Lead Plaintiff filed an amended Complaint on October 5. Defendants filed a Motion to Dismiss the amended Complaint on November 9. On February 21, 2019, the Court issued an Order granting Defendants' Motion to Dismiss. Lead Plaintiff was given leave to amend the Complaint.
Company & Securities Information
Defendant: A10 Networks, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: ATEN
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Ketankumar Shah, et al. v. A10 Networks, Inc., et al.