Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Extreme Networks, Inc. (“Extreme Networks” or “Company”) (NasdaqGS: EXTR) and several officers and directors for acts taken during the period of November 4, 2013 to April 9, 2015 (the “Class Period”).

If you are an affected Extreme Networks shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants misrepresented and/or failed to disclose that the Company’s revenue growth depended on the successful integration of Enterasys Networks, Inc., which Extreme Networks had acquired in 2013 but had not successfully integrated, which materially impaired the Company’s ability to address persisting sales problems. The complaint also alleges that Extreme Networks failed to disclose that it did not have sufficient visibility into server business plans of Lenovo, with which the Company had an alliance, to support the Company’s quarterly and fiscal 2015 financial forecasts. Extreme Networks announced on April 9, 2015 that it would miss its guidance for the third quarter of 2015, that trading in its shares had been halted and that its Chief Revenue Officer was no longer with the company. When the truth emerged the Company’s stock declined significantly.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.