Bloomberg Law
Oct. 7, 2021, 4:41 PM

Forescout Tech Fights Off Investor Allegations on Advent Merger

Jennifer Bennett
Legal Reporter

Forescout Technologies Inc. is free of accusations it misled investors about the risk that delayed deals could doom a planned merger after a federal judge in California found the allegations insufficient to move forward.

Investors say the network security firm knew sales productivity, pipeline, and deal delay problems put a private equity firm’s acquisition of Forescout in jeopardy and didn’t tell them. But they didn’t properly allege that the company made misleading statements, the U.S. District Court for the Northern District of California said.

Forescout eventually sued Advent International Corp. for specific performance of the planned merger. The parties ...

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