The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Citrix Systems, Inc. (NASDAQ: CTXS) securities between January 22, 2020 and October 6, 2021.
According to the Citrix lawsuit, throughout the Class Period defendants made 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 suffered a loss in Citrix you have until January 18, 2022 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.
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