Securities Class Action Filed Against LogMeIn, Inc. (LOGM); Block & Leviton Encourages Investors to Contact The Firm
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: PR Newswire
BOSTON, Sept. 7, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a securities fraud class action has been filed against LogMeIn, Inc. ("LogMeIn" or the "Company") (NASDAQ: LOGM) and certain of its officers alleging violations of the federal securities laws. Block & Leviton encourages shareholders to contact the Firm ahead of the October 19, 2018 lead plaintiff deadline. On July 26, 2018, LogMeIn's CEO, William Wagner, stated 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, LogMeIn stock dropped $26.60 per share or over 25% to close at $77.85 on July 27, 2018.The Complaint alleges that throughout the Class Period, 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 c
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