NEW YORK, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of LogMeIn, Inc. ( LOGM).
On February 1, 2017, LogMeIn announced the completion of its merger with GetGo, Inc., a subsidiary of Citrix Systems, Inc. consisting of Citrix’s GoTo service offerings. On July 26, 2018, post-market, LogMeIn held an earnings call to discuss its financial and operating results for the second quarter of 2018. During the earnings call, LogMeIn’s Chief Financial Officer and Chief Executive Officer stated that the Company had implemented strategies that negatively impacted renewal rates for certain of its services, including its GoTo services acquired as a result of the GetGo merger.
On this news, LogMeIn’s stock price fell over 25%, closing at $77.85 per share on July 27, 2018.
If you are a long term stockholder of LogMeIn, have information, 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 Brandon Walker or Melissa Fortunato by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into LogMeIn please go to https://bespc.com/logm/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com
