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Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against LogMeIn, Inc.


The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an
investor securities fraud class action lawsuit has been filed against
LogMeIn, Inc. (NASDAQ:LOGM) ("LogMeIn") on behalf of purchasers of
LogMeIn publicly traded securities between March 1, 2017 and July
26, 2018
, inclusive (the "Class Period").

LogMeIn investors who purchased securities during the Class Period
may, no later than October 19, 2018, seek
to be appointed as a lead plaintiff representative of the class.

Investors who wish to discuss this securities fraud class action or
request additional information about the lawsuit are encouraged to
contact Kessler Topaz Meltzer & Check attorneys James Maro, Jr. or
Adrienne Bell at (888) 299-7706 or online at:

According to the complaint, LogMeIn is a Delaware corporation, located
in Goleta, California. LogMeIn provides a portfolio of cloud-based
communication and collaboration, identity and access, and customer
engagement and support solutions. On February 1, 2017, LogMeIn issued a
press release which "announced the completion of its previously
disclosed merger with Citrix Systems, Inc.'s (NASDAQ:CTXS) GetGo, Inc.
subsidiary, a wholly owned subsidiary consisting of Citrix's GoTo family
of service offerings."

The Class Period commences on March 1, 2017, when LogMeIn filed its
annual report for the fiscal year ended December 31, 2016 on Form 10-K
with the SEC, which provided the company's annual financial results and

The complaint alleges that on July 26, 2018, after market close, LogMeIn
held an earnings call to report its second quarter 2018 earnings
results. During the call, William R. Wagner, LogMeIn's President and
Chief Executive Officer, and Edward K. Herdiech, LogMeIn's Chief
Financial Officer, stated that LogMeIn implemented strategies which
negatively impacted renewal rates of certain of its services, including
amongst its GoTo clients.

Following this news, shares of LogMeIn fell $26.60 per share or over 25%
to close at $77.85 per share on July 27, 2018.

The complaint alleges that during the Class Period, the defendants
failed to disclose that: (1) LogMeIn's business practices had negatively
impacted renewal rates for certain of its services; and (2) as a result,
the defendants' public statements were materially false and misleading
at all relevant times.

LogMeIn investors may, no
later than October 19, 2018
, seek to be appointed as a
lead plaintiff representative of the class through Kessler Topaz Meltzer
& Check, or other counsel, or may choose to do nothing and remain an
absent class member. A lead plaintiff is a representative party who acts
on behalf of all class members in directing the litigation. In order to
be appointed as a lead plaintiff, the Court must determine that the
class member's claim is typical of the claims of other class members,
and that the class member will adequately represent the class. Your
ability to share in any recovery is not affected by the decision of
whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and
federal courts throughout the country involving securities fraud,
breaches of fiduciary duties and other violations of state and federal
law. Kessler Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf of
institutional and individual investors from the United States and around
the world. The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the government
and share in the recovery of government dollars). The complaint in this
action was not filed by Kessler Topaz Meltzer & Check. For more
information about Kessler Topaz Meltzer & Check, please visit

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