Investors Notified of Approaching Deadline in Extreme Networks Class Action Lawsuit

LOS ANGELES, Sept. 25, 2024 (GLOBE NEWSWIRE) -- The law firm of Glancy Prongay & Murray LLP ("GPM") has issued an important reminder to investors regarding the impending October 15, 2024 deadline to file a lead plaintiff motion in the class action lawsuit against Extreme Networks, Inc. EXTR. This lawsuit is on behalf of investors who have purchased or acquired securities of EXTR within a specified timeframe and seeks to address alleged violations of federal securities laws.

Background on Extreme Networks

EXTR, headquartered in San Jose, California, specializes in providing software-driven networking solutions to various customers from businesses and data centers to service providers across the globe. The company's advanced technologies and products are designed to streamline networking processes, enhance user experience, and enable digital transformation initiatives.

Details of the Class Action Lawsuit

The current lawsuit alleges that Extreme Networks, Inc. may have made materially misleading statements to investors, neglecting to disclose particular information pertinent to the company's financial health and prospects. As a result, investors who have bought EXTR securities within the class period may have experienced financial losses subsequently attributed to the alleged misinformation. Through the lawsuit, affected investors aim to recover compensatory damages for their losses.

Investor's Deadline and Participation

Investors who have suffered losses in EXTR and are interested in acting as the lead plaintiff must move the court no later than October 15, 2024. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. However, no investor is obligated to serve as a lead plaintiff, and the choice to seek appointment as lead plaintiff does not prevent an investor from independently seeking recovery as part of the class.

For those unable to meet the deadline or who wish to learn more about the case and its implications, further details are available through relevant legal channels. Timeliness is crucial for the submission of a lead plaintiff motion, and proper legal counsel should be sought to understand and protect investor rights and interests.

lawsuit, reminder, deadline