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New York, New York--(Newsfile Corp. - November 29, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Citrix Systems, Inc. (NASDAQ: CTXS) alleging that the Company violated federal securities laws.
Class Period: January 22, 2020 to October 6, 2021
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in CTXS:
Citrix Systems, Inc. NEWS - CTXS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Citrix Systems, Inc. made materially false and/or misleading statements and/or failed to disclose that: the transition from on-premise to the cloud product was going smoothly. In addition, in response to the COVID-19 pandemic and the shift to remote work, Citrix created a shorter duration, on-premise subscription license (the "Business Continuity Licenses") that the Company offered at a discounted rate, and which Defendants claimed would transition to cloud accounts after the one-year license expired. As a result of Defendants' misrepresentations, Citrix common stock traded at artificially inflated prices during the Class Period.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Citrix you have until January 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Citrix securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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