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Aerohive Networks, Inc. Information Request Form

Levi & Korsinsky announces the filing of a class action lawsuit in the Superior Court of the State of California, County of San Mateo on behalf of shareholders of Aerohive Networks, Inc. (NYSE: HIVE) who purchased or otherwise acquired their shares pursuant and/or traceable to the Initial Public Offering on or about March 27, 2014.

The complaint alleges that the Company made materially false and misleading statements in its Registration Statement on Form S-1 filed and used for its Initial Public Offering. In particular, it is alleged that the S-1 omitted the following facts: (a) the Company’s sales cycles were declining and non-current deferred revenue was increasing due to delays in new product implementation; (b) the Company had no effective “rapid customer acquisition” as stated in its Form S-1 as conflicts between personnel led to a decline in staffing; (c) the Company was booking as revenue fake “sales” to meet unreasonable revenue projections and make up for sales shortfalls in violation of its internal controls and inconsistent with accounting principles; (d) the Company was experiencing significant turnover in staff due to bad relations and widespread internal disappointment over failed promises and expectations for compensation associated with the IPO, and (e) the Company was experiencing a decline in sales due to an increase in competition.

To receive more information, please fill out the form.

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Levi & Korsinsky, LLP does not share your information with others. There is no cost or obligation for you to submit.

This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained Levi & Korsinsky, LLP to represent you as a named plaintiff in a shareholder action involving Aerohive Networks, Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other Aerohive shareholders.


Levi & Korsinsky,LLP

Joseph Levi

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