SAN DIEGO, March 5, 2016 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of the federal securities laws by Apigee
Corporation (NASDAQ: APIC) and certain of its officers. Apigee
develops a software platform that enables application programmable
interface (API) based digital strategies and business insights for
enterprises.
On April 24, 2015, Apigee's stock
traded as high as $20.50, the same
day the Company sold 5.1 million shares of stock in its initial
public stock offering (the "IPO"), raising $87 million in new capital. However, since
the IPO, Apigee's stock has imploded, falling from its first day
trading high of $20.50 to close at
$8.94 on January 25, 2016.
Specifically, Johnson & Weaver's investigation will seek to
determine if the IPO Prospectus contained untrue statements of
material fact and/or concealed or failed to disclose material
information regarding its business and future
prospects.
If you are an Apigee shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If you email, please
include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP