SHAREHOLDER NOTICE: Kaskela Law LLC Announces Investigation of LogMeIn, Inc. & Encourages Investors with Losses in Excess of ...
July 31 2018 - 4:05PM
Business Wire
Kaskela Law LLC is investigating LogMeIn, Inc. (NASDAQ: LOGM)
(“LogMeIn” or the “Company”) on behalf of the Company's
shareholders. The investigation seeks to determine whether LogMeIn
and certain of its officers and/or directors have violated the
federal securities laws by issuing misleading statements to
investors, and whether LogMeIn investors have been harmed as a
result.
LogMeIn investors are encouraged to contact Kaskela Law LLC (D.
Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to
discuss this investigation and their legal rights and options.
Investors may also contact the firm online and submit their
information at http://kaskelalaw.com/case/logmein/.
On February 1, 2017, LogMeIn announced it completed its merger
with the GoTo business of Citrix Systems, Inc.
On July 26, 2018, LogMeIn announced quarterly financial and
operational results for the second quarter of fiscal 2018, and
lowered certain financial guidance for fiscal 2018. During a
subsequent conference call, the Company’s management disclosed that
LogMeIn’s performance during the quarter did not meet expectations
in part due to the “combination of imperfect execution and some
hangover effects of last year’s merger with the GoTo business led
to disappointing renewal rates.”
Following this disclosure, shares of the Company’s stock
declined $26.60 per share, or over 25% in value, to close on July
27, 2018 at $77.85.
LogMeIn investors are encouraged to contact Kaskela Law LLC
and/or submit their information at
http://kaskelalaw.com/case/logmein/. Kaskela Law LLC
exclusively represents investors in state and federal courts
throughout the country. For additional information about Kaskela
Law LLC please visit www.kaskelalaw.com. This notice may constitute
attorney advertising in certain jurisdictions.
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version on businesswire.com: https://www.businesswire.com/news/home/20180731005928/en/
Kaskela Law LLCD. Seamus Kaskela, Esq.201 King of Prussia
RoadSuite 650Radnor, PA
19087484-258–1585888-715–1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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