Fortinet Faces Securities Fraud Allegations Over Product Upgrade Cycle

Fortinet, a major player in the cybersecurity industry, is confronting significant legal challenges. The company is the target of multiple class-action lawsuits filed by prominent law firms, alleging securities fraud. The core of the dispute centers on the profitability and timeline of the company’s FortiGate firewall upgrade cycle, which plaintiffs claim was materially misrepresented to investors.

Leading law firms, including Robbins Geller Rudman & Dowd LLP and Pomerantz LLP, are spearheading class actions on behalf of investors who purchased Fortinet stock between November 2024 and August 2025. The deadline for lead plaintiff motions is set for November 21, 2025, creating a period of substantial legal uncertainty for the corporation.

The formal complaints allege that Fortinet and certain of its executives violated the... Read more...