An investigation on behalf of current long term investors in Citrix Systems, Inc. (NASDAQ:CTXS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/12/2022 -- Certain directors of Citrix Systems, Inc are investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Citrix Systems, Inc. (NASDAQ: CTXS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: CTXS stocks follows a lawsuit filed against Citrix Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CTXS stocks, concerns whether certain Citrix Systems directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants repeatedly, falsely assured investors 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, and that as a result of Defendants' misrepresentations, Citrix common stock traded at artificially inflated prices between January 22, 2020 and October 6, 2021.
Those who purchased shares of Citrix Systems, Inc. (NASDAQ: CTXS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.