SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Apigee Corporation of Class Action Lawsuit – APIC
April 12 2016 - 3:11PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of Apigee
Corporation (“Apigee” or the “Company”) (NASDAQ:APIC)
pursuant or traceable to the Company’s April 24, 2015
initial public offering.
You are hereby notified that a
securities action has been commenced in the Superior Court of the
State of California, County of San Mateo. If you purchased or
otherwise acquired Apigee securities pursuant to the initial public
offering, your rights may be affected by this action. To get more
information go to:
http://zlk.9nl.com/apigee.
The complaint alleges that documents filed in
connection with the IPO contained materially false and misleading
statements and/or failed to disclose material information,
including that, among other allegations: (a) increases in revenue
in the fourth quarter of 2014 and second quarter of 2015 had been
inflated due to non-recurring one-time deals recognized in those
quarters; (b) Apigee touted the “increasing predictability” of its
revenue growth despite direct competition from Amazon; and (c)
lowered demand for Apigee’s product offerings was requiring the
Company to scale back on its direct sales efforts and to focus on
selling through channel partners.
If you suffered a loss in
Apigee and would like additional information, contact
Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/apigee.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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