EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against LogMeIn, Inc. – LOGM
NEW YORK--(BUSINESS WIRE)--Jul 31, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of LogMeIn, Inc. (NASDAQ:LOGM) resulting from allegations that LogMeIn may have issued materially misleading business information to the investing public.
On July 27, 2018, during a conference call with investors, CEO Bill Wagner explained that a “combination of imperfect execution and some hangover effects of last year’s merger with the GoTo business led to disappointing renewal rates.” On this news, shares of LogMeIn fell $26.60 or over 25% to close at $77.85 per share on July 27, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by LogMeIn investors. If you purchased shares of LogMeIn please visit the firm’s website at http://www.rosenlegal.com/cases-1389.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005896/en/
CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
275 Madison Avenue, 34thFloor
New York, NY 10016
Toll Free: 866-767-3653
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 07/31/2018 03:42 PM/DISC: 07/31/2018 03:42 PM