AP NEWS

Law Offices of Howard G. Smith Reminds Investors of the Filing of a Securities Class Action on Behalf of LogMeIn, Inc. Investors

September 24, 2018

BENSALEM, Pa.--(BUSINESS WIRE)--Sep 24, 2018--Law Offices of Howard G. Smith reminds investors that a class action lawsuit has been filed on behalf of investors that purchased LogMeIn, Inc. (“LogMeIn” or the “Company”) (NASDAQ:  LOGM ) securities between  March 1, 2017, and July 26, 2018, inclusive (the “Class Period”). LogMeIn investors have until  October 19, 2018,  to file a lead plaintiff motion.

Investors that suffered losses on their LogMeIn investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On July 27, 2018, during a conference call with investors, CEO Bill Wagner detailed “executional missteps” related to the company’s $1.8 billion merger with GoToMeeting. Specifically, Wagner claimed that customers were not renewing their subscriptions to the suite of corporate videoconferencing tools that LogMeIn acquired from Citrix in February 2017. On this news, LogMeIn’s share price fell 25%, or $26.60, to close at $77.85 on July 27, 2018, thereby injuring investors.

The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) LogMeIn’s business practices had negatively impacted renewal rates for certain of its services; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

If you purchased shares of LogMeIn during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.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/20180924006061/en/

CONTACT: Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Law Offices of Howard G. Smith

Copyright Business Wire 2018.

PUB: 09/24/2018 06:46 PM/DISC: 09/24/2018 06:46 PM

http://www.businesswire.com/news/home/20180924006061/en

AP RADIO
Update hourly