On or around 10/10/2019 (Other)
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. On March 21, Lead Plaintiff filed a Notice appealing the Court's Dismissal Order. Lead Plaintiff voluntarily dismissed the appeal on May 7. On May 8, the Court entered judgment in favor of the Defendant and closed the case. Plaintiffs filed a notice appealing the Court's Judgment on June 6, 2019. Plaintiffs voluntarily dismissed the appeal on October 10.
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
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First Identified Complaint
Ketankumar Shah, et al. v. A10 Networks, Inc., et al.