NEW YORK, March 21, 2016 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of Apigee Corporation ("Apigee" or
the "Company") (NASDAQ: APIC), concerning whether the board has
breached its fiduciary duties to shareholders.
On April 24, 2015, Apigee went
public. That day, Company stock traded over $20 per share. Since then, Apigee stock has
fallen by more than half and is currently trading at less than
$8 per share. Recent media
reports suggest that Apigee's registration statement filed in
connection with the initial public offering may not have complied
with Generally Accepted Accounting Principles and may have
misrepresented the Company's business prospects.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own Apigee and wish to discuss this matter with us, or
have any questions concerning your rights and interests with regard
to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP