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BOSTON, May 13, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, is investigating whether Cisco Systems, Inc. (“Cisco” or the “Company”) (NASDAQ: CSCO) and certain of its officers and directors violated federal securities laws.
On May 13th, 2019, Wired magazine published an article titled, “A Cisco Router Bug Has Massive Global Implications.” According to the article, Cisco’s 1001-X router has vulnerabilities that “allow a hacker to take over any 1001-X router, and compromise all the data and commands that flow through it.” The router in question is an enterprise grade router which is used at stock exchanges and corporate offices.
Following this news, Cisco’s share price dropped more than 4%.
Block & Leviton is investigating whether Cisco or its executives made any false or misleading statements about the security features of the products at issue prior to today’s news. If you have purchased or otherwise acquired Cisco securities and have questions about your legal rights, or possess information relevant to this investigation, you may be entitled to compensation and are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at firstname.lastname@example.org, or by visiting http://shareholder.law/cisco.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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