A lawsuit was filed on behalf of investors in LogMeIn, Inc. (NASDAQ: LOGM) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/05/2018 -- An investor in shares of LogMeIn, Inc. (NASDAQ: LOGM) filed a lawsuit over alleged violations of Federal Securities Laws by LogMeIn, Inc. in connection with certain allegedly false and misleading statements.
Investors in shares of LogMeIn, Inc. (NASDAQ: LOGM) have certain options and for certain investors are short and strict deadlines running. Deadline: October 19, 2018. NASDAQ: LOGM investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
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
On July 27, 2018, during a conference call with investors, CEO Bill Wagner detailed "executional missteps" related to the company's $1.8 billion merger with GoToMeeting.
Specifically, Wagner claimed that customers were not renewing their subscriptions to the suite of corporate videoconferencing tools that LogMeIn acquired from Citrix in February 2017.
Those who purchased shares of LogMeIn, Inc. (NASDAQ: LOGM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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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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