LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LogMeIn, Inc. (“LogMeIn” or “the Company”) (NASDAQ: LOGM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. During a July 27, 2018, investor conference call, LogMeIn CEO Bill Wagner admitted that a “combination of imperfect execution and some hangover effects of last year’s merger with the GoTo business led to disappointing renewal rates.” Based on this news, LogMeIn’s share price fell more than 25% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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