BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the securities of FireEye, Inc. (“FireEye” or the “Company”) (NASDAQ:FEYE) between January 2, 2014 and November 4, 2014, inclusive (the “Class Period”). FireEye provides products and services for detecting, preventing and resolving advanced cybersecurity threats. Investors who have losses of $100,000 or more are encouraged to contact the firm for more information.
The Complaint alleges that defendants made false and/or misleading statements and/or failed to disclose to investors that: (1) FireEye’s business model had substantially changed from providing software − with high fixed costs but low marginal costs that would not escalate with increases in its subscriber base − to providing end-to-end services; (2) the Company’s undisclosed strategy would require increasing numbers of highly trained professional staff to respond to network security breaches; and (3), as a result, the Company’s costs would escalate incrementally with an increased customer base, and potentially jeopardize the Company’s future profitability.
If you are a member of the Class described above, you have until January 26, 2015, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you suffered losses of $100,000 or more and wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.