NEW YORK, March 22, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Mentor Graphics Corp. (“Mentor” or the “Company”) (NASDAQ:MENT) between August 21, 2014 and November 19, 2015.
You are hereby notified that a securities class action has been commenced in the USDC for the District of Oregon, Portland Division. If you purchased or otherwise acquired Mentor securities between August 21, 2014 and November 19, 2015, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/mentor-graphics-corp.
The complaint alleges that throughout the class period, Mentor issued false and misleading statements and/or failed to disclose that, among other allegations: (1) Mentors customers had participated in an incredible number of mergers and acquisitions in 2015 and earlier, causing the delay of purchases of Mentor’s products; and (2) demand for Mentors’ emulation products had declined as a result of competitors, despite the Company’s assurances that it would be a long time before any competitor could release a significantly competitive virtual emulation product.
If you suffered a loss in Mentor you have until May 17, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/mentor-graphics-corp.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
