INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against LogMeIn, Inc.
LOGMEIN (LOGM)
Last logmein earnings: 4/23 04:08 pm
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US:NASDAQ Investor Relations:
investor.logmeininc.com/about-us/investors/overview/default.aspx
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Source: Business Wire
NEW YORK--(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 f
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