Leon Kaye Solicitors are considering a Class Action against Fire Eye Inc (‘Fire Eye’) on behalf of existing UK, Ireland and Europe based shareholders who purchased securities in Fire Eye, between 2 March 2014 and 12 March 2014.
The Class Action is based on allegations that Fire Eye made false and/or misleading statements and/or failed to disclose to investors that:
(1) Fire Eye’s business model had changed substantially 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) Fire Eye’s undisclosed strategy would require increasing numbers of highly trained professional staff to respond to network security breaches; and
A Class Action has already been filed in the U.S, and at this stage, we would like to invite any shareholders who purchased securities in Fire Eye, or any of its subsidiaries, during the time frame specified above, to contact this firm without any financial obligations.
For further information please contact Leon Kaye Solicitors on email:firstname.lastname@example.org or telephone: Chelsea Office – 020 7228 2020 / Knightsbridge Office – 020 7095 0930.