Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired the LogMeIn, Inc. (“LogMeIn”) securities between September 13, 2017 and July 26, 2018, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements and omissions and engaged in a scheme to deceive the market. This course of wrongful conduct operated as a fraud on the Class and caused the price of LogMeIn securities to be artificially inflated. The materially false and/or misleading statements misrepresented and failed to disclose adverse facts pertaining to the company’s business, operations and financial results.
Current Status of Case:
On March 18, 2021, the Court granted Defendants’ Motion to Dismiss the Amended Complaint. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.