TMCnet News

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Aruba Networks, Inc.
[May 24, 2013]

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Aruba Networks, Inc.


LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP, representing investors of Aruba Networks, Inc. ("Aruba Networks (News - Alert)" or the "Company") (NASDAQ:ARUN), announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the "Class") comprising all purchasers of Aruba Networks securities between May 17, 2012 and May 16, 2013, inclusive (the "Class Period").

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO [email protected]. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Aruba Networks provides network access solutions for mobile enterprises worldwide. The Complaint alleges that defendants misrepresented or failed t disclose material adverse facts, including that: (1) the Company did not hold a competitive advantage over Cisco Systems (News - Alert), Inc. ("Cisco"); (2) the Company was aware of the weaknesses in Aruba Networks' marketing abilities given the "bundling" advantages that Cisco held over Aruba Networks; (3) Cisco's bundling practices would significantly undermine the Company's market share; and (4) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

If you are a member of the Class described above you may move the Court no later than July 22, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action or if you purchased Aruba Networks shares prior to the Class Period or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.



[ Back To TMCnet.com's Homepage ]