INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against LogMeIn, Inc.
July 31 2018 - 12:36PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against LogMeIn, Inc. (“LogMeIn” or the “Company”) (NASDAQ:
LOGM). The investigation concerns whether LogMeIn has violated the
federal securities laws and/or engaged in other unlawful business
practices.
On February 1, 2017, LogMeIn announced it completed its merger
with the GoTo business of Citrix Systems, Inc.
On July 27, 2018, LogMeIn announced lowered revenue expectations
for 2018. During the July 26, 2018 earnings conference call with
analysts and investors, the Company’s management explained
LogMeIn’s performance in the quarter did not meet expectations in
part because “our combination of imperfect execution and some
hangover effects of last year’s merger with the GoTo business led
to disappointing renewal rates.” Following disclosure of this news,
the price of LogMeIn shares on July 27, 2018 fell by $26.60, or
approximately 25.5%, compared to the prior day’s closing price.
If you purchased or otherwise acquired LogMeIn securities, have
information, or would like to learn more about these claims, please
contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by
email at telrod@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, whistleblower, and consumer
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: http://www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180731005778/en/
Kirby McInerney LLPThomas W. Elrod, Esq.,
212-371-6600https://www.kmllp.comtelrod@kmllp.com
LogMeIn (NASDAQ:LOGM)
Historical Stock Chart
From Jun 2024 to Jul 2024
LogMeIn (NASDAQ:LOGM)
Historical Stock Chart
From Jul 2023 to Jul 2024