Investor Alert: Deadline Approaching in Palo Alto Networks Class Action Suit

Investors are reminded by Glancy Prongay & Murray LLP ("GPM") of the looming deadline of April 26, 2024, to file a lead plaintiff motion in the class action lawsuit against Palo Alto Networks, Inc. PANW. The lawsuit pertains to individuals and entities that purchased or otherwise acquired shares of Palo Alto Networks during a specified period and seeks to recover damages linked to alleged federal securities laws violations.

Background of the Case

The lawsuit alleges that Palo Alto Networks made misleading statements and failed to disclose adverse information regarding the company's business, operations, and prospects. Such actions, the suit claims, led to an artificial inflation in the price of PANW shares, resulting in harm to investors once the alleged truth was revealed—prompting a notable decline in the market value of the company's shares.

What Investors Should Do

Investors who have suffered losses from purchasing PANW shares during the relevant period may participate in the lawsuit. However, the April 26 deadline is critical, as only those who file a motion by this date can be appointed as lead plaintiff, which has the primary responsibility for overseeing the litigation. It is important to understand that you can share in any recovery without the need to serve as a lead plaintiff if you meet certain legal requirements.

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