Recent Securities Litigations

Citrix Systems Inc. Common Stock (NASDAQ: CTXS)

49 Days left to seek lead plaintiff status.

Company Name:Citrix Systems Inc. Common Stock
Stock Symbol:NASDAQ: CTXS
Class Period Start:01/22/2020
Class Period End (inclusive):10/06/2021
Filing Deadline:01/18/2022

The complaint alleges that, throughout the Class Period, 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.  As a result of Defendants’ misrepresentations, Citrix common stock traded at artificially inflated prices during the Class Period.

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