NEW YORK, May 13, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Mentor Graphics Corp. ("Mentor" or
the "Company") (NASDAQ: MENT) between August 21, 2014 and November 19, 2015.
You are hereby notified that a securities class action
has been commenced in the USDC for the District of Oregon, Portland Division. If you purchased or
otherwise acquired Mentor securities between August 21, 2014 and November 19, 2015, your rights may be affected by
this action. To get more information go to:
http://www.zlk.com/pslra/mentor-graphics-corp.
The complaint alleges that throughout the class period, Mentor
issued false and misleading statements and/or failed to disclose
that, among other allegations: (1) Mentors customers had
participated in an incredible number of mergers and acquisitions in
2015 and earlier, causing the delay of purchases of Mentor's
products; and (2) demand for Mentors' emulation products had
declined as a result of competitors, despite the Company's
assurances that it would be a long time before any competitor could
release a significantly competitive virtual emulation product.
If you suffered a loss in Mentor you have until May 17, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://www.zlk.com/pslra/mentor-graphics-corp.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation involving financial fraud, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
Logo -
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/upcoming-deadline-levi--korsinsky-llp-notifies-shareholders-of-mentor-graphics-corp-of-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-17-2016--ment-300268407.html
SOURCE Levi & Korsinsky, LLP