Lawsuit for Investors in LogMeIn, Inc. (NASDAQ: LOGM) Shares Announced by Shareholders Foundation
SAN DIEGO, CA, October 23, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of LogMeIn, Inc. (NASDAQ: LOGM).
The plaintiff seeks to recover losses for certain investors who purchased LOGM shares.
Investors, who purchased shares of LogMeIn, Inc. (LOGM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.
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.
On August 20, 2018, a lawsuit was filed against LogMeIn, Inc. (LOGM) over alleged securities laws violations. More specifically, the plaintiff claims that 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 LogMeIn, Inc. (LOGM) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: The Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
