Bloomberg Law
June 11, 2020, 8:45 PM

Forescout Tech Investors Sue Over Collapse of Advent Merger

Jennifer Bennett
Legal Reporter

Forescout Technologies Inc. allegedly didn’t disclose a looming risk that a business downturn partially related to the coronavirus would scuttle a planned merger with Advent International Corp., investors said in California federal district court.

The network security firm knew “for months” that its business was declining and Advent was concerned, but didn’t warn investors, who were surprised when the deal fell apart in May, according to a would-be class complaint filed Wednesday in the U.S. District Court for the Northern District of California.

Forescout is aware of the complaint and an earlier suit stemming from the planned merger. “We believe ...

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