Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit due to alleged false statements and misrepresentations made by the company during a specific class period [1]. Group 1: Allegations and Class Period - The class period for the alleged misconduct is from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [1]. - The complaint also states that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through aggressively in a short time frame [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of FTNT during the specified period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for November 21, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades for FortiGate Firewalls, leading to significant stock price decline after the truth was revealed [1][2][3]. Allegations - The complaint states that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates needing upgrades [2] - It was noted that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the FortiGate products was said to have minimal business impact, as it represented only a small percentage of the company's business due to the age of the products [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Fortinet, with options to serve as lead plaintiff or remain an absent class member [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].

Core Viewpoint - A class action securities fraud lawsuit has been filed against Fortinet, Inc. to recover losses incurred by shareholders due to alleged misrepresentations regarding the company's product refresh cycle and its impact on business performance [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for shareholders affected by alleged securities fraud occurring between November 8, 2024, and August 6, 2025 [2]. - The complaint alleges that Fortinet's management made false statements and concealed critical information about the refresh cycle of their products, indicating it would not be as profitable as claimed [3]. - It is claimed that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh was pushed through much faster than communicated to investors [3]. Group 2: Legal Representation - Levi & Korsinsky LLP, a well-established securities litigation firm, is representing the plaintiffs in this case, having a strong track record in securing significant recoveries for shareholders [5]. - The firm has been recognized in the Top 50 Report by ISS Securities Class Action Services for seven consecutive years, highlighting its expertise in complex securities litigation [5].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet misrepresented the potential profitability of its product refresh cycle, stating it would not be as lucrative as suggested, as it involved old products that constituted a "small percentage" of the Company's business [2]. - Defendants allegedly concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through aggressively in a short time frame [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its business operations and product refresh cycle during the specified Class Period from November 8, 2024, to August 6, 2025 [1][2]. Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be lucrative despite it consisting of old products that were only a "small percentage" of the company's business [2]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which misled investors [2]. - The company reportedly misrepresented the momentum of the refresh cycle, claiming it would gain traction over two years while actually pushing through about half of it in just a few months by the end of Q2 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must select counsel to represent the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was, as it involved old products that represented a "small percentage" of the Company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh cycle was pushed through more quickly than communicated, with approximately half completed by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].

Core Insights - The 2025 Hurun Rich List was released, with Fortinet founder Ken Xie ranking 126th with a wealth of 44.5 billion RMB, an increase of 4.5 billion RMB or 11% over the past year, despite a drop of 19 places in ranking [1][2] - Fortinet reported a net profit of 440 million USD for Q2 of fiscal year 2025, a year-on-year increase of 15.79%, and revenue of 1.63 billion USD, up 13.67% year-on-year, indicating a steady upward trend in performance [1] - Fortinet is a platform-based cybersecurity provider, offering products in network security, cloud security, zero trust access, and security operations, with a significant portion of revenue derived from subscription and support services [1] Company Performance - Ken Xie's wealth growth is supported by Fortinet's strong market performance, reflecting the company's solid technical foundation and ongoing positive results [2] - The company has over 800,000 customers globally, highlighting its extensive market reach and customer base [1] Industry Outlook - The demand for cybersecurity is continuously growing amid deepening digital transformation, positioning Fortinet favorably for future development [2]

Core Insights - Fortinet, Inc. (NASDAQ: FTNT) has seen a decline of over 38% from its all-time high in February, followed by a brief recovery, and is currently down 25% from that peak [1] Company Performance - The stock experienced a significant selloff after reaching its peak, indicating potential volatility in its market performance [1]

Core Viewpoint - Fortinet, Inc. (NASDAQ: FTNT) has seen a decline of over 38% from its all-time high in February, with a current drop of 25% after a brief recovery [1] Company Performance - The stock experienced a significant selloff from its peak, indicating potential volatility in its market performance [1] Investment Perspective - The analysis reflects a focus on identifying investment opportunities in technology companies, with a long-term holding strategy [2]

Core Points - The meeting is a Special Meeting of shareholders of Verano, chaired by the CEO and Chairman, George Archos [1] - The Chief Investment Officer, Aaron Miles, outlines the voting eligibility for the meeting, which includes holders of Class A subordinate voting shares as of the record date of September 25, 2025 [2] - The meeting is conducted virtually via live audiocast, with electronic voting through the Lumi system for registered shareholders and validly appointed proxy nominees [3] Voting Procedures - Voting on all matters will be conducted by electronic ballot, and only registered shareholders and validly appointed proxy nominees can participate [3] - Votes cast during the meeting will supersede any previously submitted proxy votes, advising shareholders who do not wish to change their vote to refrain from voting again [3]