U.S. Markets closed
  • S&P Futures

    3,672.25
    +7.75 (+0.21%)
     
  • Dow Futures

    29,986.00
    +54.00 (+0.18%)
     
  • Nasdaq Futures

    12,491.00
    +28.75 (+0.23%)
     
  • Russell 2000 Futures

    1,850.00
    +2.80 (+0.15%)
     
  • Crude Oil

    46.46
    +0.82 (+1.80%)
     
  • Gold

    1,847.30
    +6.20 (+0.34%)
     
  • Silver

    24.20
    +0.07 (+0.28%)
     
  • EUR/USD

    1.2148
    -0.0001 (-0.0121%)
     
  • 10-Yr Bond

    0.9200
    -0.0280 (-2.95%)
     
  • Vix

    21.28
    +0.11 (+0.52%)
     
  • GBP/USD

    1.3453
    +0.0001 (+0.0054%)
     
  • USD/JPY

    103.8340
    -0.0260 (-0.0250%)
     
  • BTC-USD

    19,273.70
    -177.81 (-0.91%)
     
  • CMC Crypto 200

    378.35
    +3.94 (+1.05%)
     
  • FTSE 100

    6,490.27
    +26.88 (+0.42%)
     
  • Nikkei 225

    26,690.47
    -118.90 (-0.44%)
     

The Law Offices of Frank R. Cruz Announces Investigation of LogMeIn, Inc., (LOGM) on Behalf of Investors

·2 min read

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of LogMeIn, Inc., ("LogMeIn" or the "Company") (NASDAQ: LOGM) concerning whether the board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

On July 27, 2018, during a conference call with investors, CEO Bill Wagner detailed "executional missteps" related to the company's $1.8 billion merger with GoToMeeting. Specifically, Wagner claimed that customers were not renewing their subscriptions to the suite of corporate videoconferencing tools that LogMeIn acquired from Citrix in February 2017.

On this news, LogMeIn’s share price fell 25%, or $26.60, to close at $77.85 on July 27, 2018, thereby injuring investors.

Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you bought LogMeIn shares before July 26, 2018, held them through July 26, 2018, and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201106005599/en/

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com