Block & Leviton LLP Announces Investigation of Forescout Technologies, Inc. for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm
BOSTON, MA / ACCESSWIRE / May 18, 2020 / Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, announces that it has launched an investigation into potential securities fraud by Forescout Technologies, Inc. (FSCT) and certain of its officers.
This morning, the Company announced that Advent International would no longer acquire all outstanding shares of Forescout common stock for $33.00 each today as scheduled. On this news, Forescout's shares plummeted approximately 24%, down to just $22.57 per share. Investors who have lost money are encouraged to contact the firm for a free case evaluation.
On February 6, 2020, Forescout announced that it had "entered into a definitive agreement" through which Advent International would acquire all outstanding shares of Forescout common stock for $33.00 per share, in a transaction valued at $1.9 billion dollars. On April 23, 2020, over 99% of Forescout's shareholders voted in favor of the transaction.
If you purchased or acquired shares of Forescout and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockesq.com, or at https://shareholder.law/fsct.
Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm's lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockesq.com
www.blockesq.com
SOURCE: Block & Leviton LLP
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