BOSTON, MA / ACCESSWIRE / November 28, 2021 / The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Citrix Systems, Inc. (NASDAQ:CTXS). The case is currently in the lead plaintiff stage. Investors who purchased Citrix common stock between January 22, 2020 and October 6, 2021 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Citrix for more information. Investors may also email [email protected] or call 617-531-3917.
FOR MORE INFORMATION: www.tenlaw.com/cases/Citrix
The case alleges that Citrix and its senior executives falsely assured investors that the transition to a cloud-based product and to a subscription pricing model was going smoothly and successfully. The lawsuit alleges that when the truth about Citrix's difficulties transitioning to the cloud was revealed through a series of disclosures, the Company's stock price declined 7.6% per share on April 29, 2021, 13.6% per share on July 29, 2021, and 7.2% per share after the markets closed on October 6, 2021.
Interested Citrix investors have until January 18, 2022 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.
FOR MORE INFORMATION: www.tenlaw.com/cases/Citrix
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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www.tenlaw.com/cases/Citrix
SOURCE: Thornton Law Firm LLP