Blue Coat Systems, Inc. Investor Lawsuit Deadline on October 28

Oct. 5, 2011 - PRLog -- A deadline is coming up on October 28, 2011 in the lawsuit filed for investor of Blue Coat Systems, Inc. .

Investors with a substantial investment in NASDAQ- BCSI shares within the purchase time frame between November 24, 2009 and May 27, 2010, should get active before the Deadline that is coming up on October 28, 2011.

If you purchased Blue Coat Systems, Inc.  common stock between November 24, 2009 and May 27, 2010, you have certain options and there are strict and short deadlines running. Deadline: October 28, 2011. Those stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that Blue Coat Systems and certain of its officers violated the Securities Exchange Act of 1934 by issuing allegedly false and misleading statements.

Shares of Blue Coat Systems, Inc.  increased from as low as $7.50 per share to over$35.47 per share in April 2010.

Then on May 27, 2010, so the lawsuit, defendants announced after the close of trading that the demand for Blue Coat Systems' product and services offerings had significantly weakened in "almost every country in Europe" and defendants also disclosed that Blue Coat System had been unable to close multiple sales in Europe.

Since April 2010 BCSI stocks fell from over $35 per share to recently $13.88 per share.

Those who purchased shares of Blue Coat Systems, Inc. (NASDAW: BCSI) between November 24, 2009 and May 27, 2010, have certain options and there are strict and short deadlines running. Deadline: Oct. 28, 2011. NASDAQ- BCSI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.