Market Overview

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of LogMeIn, Inc. Investors


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") announces that a class action
lawsuit has been filed on behalf of investors that purchased LogMeIn,
Inc. ("LogMeIn" or the "Company") (NASDAQ: LOGM)
between March 1, 2017, and July 26, 2018, inclusive (the
"Class Period"). LogMeIn investors have until October 19, 2018, to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

Investors that suffered losses on their LogMeIn investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to

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.

The complaint filed in this class action alleges that Defendants made
materially false and/or misleading statements and/or failed to disclose
that: (1) LogMeIn's business practices had negatively impacted renewal
rates for certain of its services; and (2) as a result, Defendants'
public statements were materially false and misleading at all relevant

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If you purchased shares of LogMeIn during the Class Period you may move
the Court no later than October 19, 2018, to ask the Court
to appoint you as lead plaintiff. To be a member of the Class you need
not take any action at this time; you may retain counsel of your choice
or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to,
or visit our website at
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.

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