NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) resulting from allegations that Endurance International Group may have issued materially misleading business information to the investing public.
On April 28, 2015, Gotham City Research published a report on Endurance International Group asserting, among other things, that: (1) 40%-100% of Endurance International Group’s reported profits are suspect; and (2) Endurance International Group’s 2014 Average Revenue per Subscriber actually declined, contrary to its prior representations. On this news, shares of Endurance International Group fell $2.24 per share or over 10% to close at $19.70 on April 28, 2015.
On December 17, 2015, Endurance International Group announced that it had received a subpoena dated December 10, 2015 from the Securities and Exchange Commission requiring the production of certain documents, including documents related to Endurance International Group’s financial reporting, operating and non-GAAP metrics, refund, sales and marketing practices, and transactions with related parties. On this news, shares of Endurance International Group fell $1.80 per share or over 13% to close at $11.21 per share on December 17, 2015.
Rosen Law Firm is investigating potential securities claims on behalf of Endurance International Group investors. If you purchased shares of Endurance International Group, please visit the firm’s website at http://rosenlegal.com/cases-596.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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