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Bank Info Security 8 months, 3 weeks ago

Fortinet Accused of Securities Fraud Over Firewall Forecasts

Pension Funds Say Fortinet Leaders Misled Market With Overly Rosy Refresh OutlookPublic pension funds filed securities fraud lawsuits claiming Fortinet misled investors by overstating the value and timing of a major firewall refresh cycle. The lawsuits allege the refresh involved outdated products and had limited business impact, contradicting Fortinet's upbeat public messaging.

Bank Info Security 25 Oct 2025, 12:00 p.m. Firewalls Fortinet Fraud Lawsuit