WILMINGTON, DE / ACCESSWIRE / October 30, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Extreme Networks, Inc. ("Extreme Networks" or the "Company") (NASDAQ:EXTR) on behalf of stockholders.
If you purchased or otherwise acquired Extreme Networks shares on or before June 27, 2022 and want to learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-extreme-networks-inc. You may also contact Leah Wihtelin cost free at (516) 693-8926 or by email at lw@rl-legal.com.
About the Investigation:
The investigation concerns whether Extreme Networks and certain of its directors and/or officers issued materially misleading information and/or failed to disclose material information to the investing public. Specifically, the investigation concerns whether Extreme Networks and certain of its directors and/or officers failed to disclose to shareholders, among other things, that: (i) Extreme Networks was suffering from adverse client demand trends as its clients had ordered more product from the Company than needed in the wake of the COVID-19 pandemic; (ii) the Company was offsetting the adverse demand trends by fulfilling backlog orders in a manner that materially exceeded the proportion represented to investors; and (iii) as a result, Extreme was drawing down its backlog at a much faster rate than it was representing.
About Rigrodsky Law:
Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contact:
Rigrodsky Law, P.A.
Seth D. Rigrodsky, Esq.
Gina M. Serra, Esq.
Call or Text: (302) 295-5310
Email: info@rl-legal.com
SOURCE: Rigrodsky & Long
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