Market Overview

Robbins Arroyo LLP: LogMeIn, Inc. (LOGM) Misled Shareholders According to a Recently Filed Class Action


Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of LogMeIn, Inc. (NasdaqGS: LOGM) have filed a class action complaint against the company's officers
and directors for alleged violations of the Securities Exchange Act of
1934 between March 1, 2017 and July 26, 2018. LogMeIn provides a
portfolio of cloud-based communication and collaboration, identity and
access, and customer engagement and support solutions.

View this information on the law firm's Shareholder Rights Blog

LogMeIn Accused of Failing to Disclose Declining Renewal Rates For
Its Services

According to the complaint, many of LogMeIn's services are offered
through subscription contracts and, in turn, the company's ability to
grow depends in part on subscription renewals. However, LogMeIn had
aggressively moved customers from monthly to annual payments, failed to
deliver planned product enhancements, and was slow to address product
quality issues. As a result, LogMeIn's customers, who struggled to do
business with the company, turned to LogMeIn's competitors. On July 26,
2018, LogMeIn admitted that the company had implemented strategies that
negatively impacted renewal rates of certain of its services. On this
news, LogMeIn's stock fell over 25% to close at $77.85 per share on July
27, 2018 and has yet to recover.

LogMeIn Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Robbins Arroyo LLP offers
a FREE portfolio monitoring service, Stock

Attorney Advertising. Past results do not guarantee a similar outcome.

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