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INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit On Behalf Of Shareholders Against Aerohive Networks, Inc.Goldberg Law PC announces that a class action lawsuit has been filed in the Superior Court of the State of California, County of San Mateo against Aerohive Networks (News - Alert), Inc. ("Aerohive" or the "Company") (NYSE: HIVE), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares traceable to the Company's March 27, 2014 Initial Public Offering ("IPO") should contact Goldberg Law PC for more information. If you are a shareholder who suffered a loss, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA (News - Alert) 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm's website at http://www.Goldberglawpc.com, or by email at [email protected]. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. Aerohive develops cloud-managed networking platforms that allow businesses to deploy a mobile-centric network edge. According to the complaint, Aerohive made false and/or misleading statements on their Form S-1 Registration Statement with the Securities and Exchange Commission that was subsequently used for their IPO. Specifically, Aerohive is alleged to have misled the investing public regarding their future revenues, profits and sales capacity. On October 13, 2014, shares of Aerohive tumbled more than 32% on high volume as a result of disappointing financial results. If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at [email protected]. Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150623006682/en/ |
