Forescout, Investors Get Space to Complete Settlement Proposal

Deadlines in a Forescout Technologies Inc. investor class action over revenue and merger issues will be paused while the parties finalize a settlement agreement, a US judge said..

Judge Susan Illston on June 20 approved the halt after the parties expressed a “wish for their litigation positions to remain undisturbed” while they negotiate the remaining details of the deal in the case, which is pending in the US District Court for the Northern District of California. The value of the settlement hasn’t been disclosed yet.

• The investors allege the cybersecurity company misrepresented the health of its sales pipeline, the reasons ...