Glancy Prongay & Murray, LLP Commences Investigation on Behalf of Mentor Graphics Corp. Investors

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) commences an investigation on behalf of investors of Mentor Graphics Corp. ("Mentor" or the "Company") (NASDAQ: MENT) concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.

The investigation concerns whether the Company failed to disclose that Mentors’ customers had participated in an incredible number of mergers and acquisitions in 2015 and earlier, causing the delay of purchases of Mentor's products; and whether demand for Mentors' emulation products had declined as a result of competitors, despite the Company’s assurances that it would be a "long time" before any competitor could release a substantially competitive product. On November 19, 2015 the Company announced that it had achieved unsatisfactory financial results for the third quarter of fiscal 2016 and that it was now reducing its fourth quarter fiscal 2016 financial outlook by $104 million. On this news, shares of Mentor fell sharply, over 35% to just $17.85 per share on November 20, 2015.

If you purchased Mentor securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160323005438/en/

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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