Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Citrix Systems, Inc. (NASDAQ: CTXS) securities.
If you suffered a loss on your Citrix investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Jan 22 2020 - Oct 06 2021
CASE DETAILS:
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.
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