ATEN - Block & Leviton LLP Is Investigating A10 Networks (ATEN) For Violations Of The Federal Securities Laws After Audit Committee Investigation Is Revealed And Encourages Shareholders To Contact The Firm
BOSTON, Feb. 7, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether A10 Networks, Inc. ("A10" or the "Company") (NYSE: ATEN) and certain of its officers and directors violated federal securities laws.
On January 30, 2018, after significantly lowering the Company's financial guidance weeks before, A10 announced that it would delay the release of its fourth quarter and full year 2017 financial reports. The Company further disclosed that in the course of an internal review concerning violations of the Company's insider trading policy, A10 and its Audit Committee determined that further investigation of its internal controls was necessary, and that the now ongoing Audit Committee investigation is "focused on certain revenue recognition matters" dating back to 2015.
On this news, A10's stock fell more than 12% on January 31, 2018 and continued to fall in the days following, causing millions of dollars in losses to investors.
If you purchased or otherwise acquired A10 securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/aten.
Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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CONTACT:
Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com
SOURCE Block & Leviton LLP