Company Admits Accounting Errors andPlans to Restate Historical Financial Results
RADNOR, PA / ACCESSWIRE / July 25, 2018 / Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against A10 Networks, Inc. (ATEN) ("A10" or the "Company") on behalf of investors who purchased the Company's common stock between February 9, 2016 and January 30, 2018, inclusive (the "Class Period").
FINAL DEALINEALERT: Investors who purchased A10's common stock during the Class Period may, no later than July 27, 2018, seek to be appointed as a lead plaintiff of the class. A10 investors are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740, or via http://kaskelalaw.com/case/a10-networks/, for additional information about this action or to discuss their important legal rights and options.
The shareholder class action complaint alleges that A10 made a series of false and misleading statements to investors about the Company's financial statements and internal controls during the Class Period. The complaint further alleges that, as a result of the foregoing, investors purchased A10's common stock at artificially inflated prices during the Class Period and sustained significant investment losses following the Company's disclosures.
Specifically, on January 30, 2018, A10 disclosed that the Company's Audit Committee was investigating certain of its historical accounting practices. Followingthis news, shares of A10's common stock fell $0.86 per share, or over 12%, toclose on January 31, 2018 at $6.13. Subsequently, on July 2, 2018, A10 admitted that certain of its historical financial statements "should no longer be relied upon and should be restated."
A10 investors are encouraged to contact Kaskela Law LLC to discuss this action or visit http://kaskelalaw.com/case/a10-networks/ for additional information and to submit their information online. Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
SOURCE: Kaskela Law LLC