The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Southern District of Florida on behalf of shareholders of Citrix Systems, Inc. who purchased shares between January 22, 2020 and October 6, 2021.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:
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.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until January 18, 2022 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.