An investigation for investors in Citrix Systems, Inc. (NASDAQ: CTXS) shares over potential securities laws violations by Citrix Systems, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/10/2018 -- Citrix Systems, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Citrix Systems, Inc. (NASDAQ: CTXS), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Citrix Systems, Inc. (NASDAQ: CTXS) concerning whether a series of statements by Citrix Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 1, 2017, Citrix Systems, Inc. (Nasdaq: CTXS) announced that it has completed the spin-off and merger of its GoTo family of service offerings with LogMeIn, Inc. (Nasdaq: LOGM). As a result of these transactions, in addition to retaining the shares of Citrix common stock they currently own, Citrix stockholders will receive approximately 0.1718 of a share of LogMeIn common stock for each share of Citrix common stock that they owned of record as of January 20, 2017.
On August 20, 2018, a lawsuit was filed against LogMeIn, Inc. (NASDAQ: LOGM) over alleged violations of Federal Securities Laws by LogMeIn, Inc. in connection with certain allegedly false and misleading statements. The plaintiff claims that between March 1, 2017 through July 26, 2018, the defendants made false and/or misleading statements and/or failed to disclose that LogMeIn's business practices had negatively impacted renewal rates for certain of its services, and that as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages
Those who purchased shares of Citrix Systems, Inc. (NASDAQ: CTXS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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