| COMPANY |
LogMeIn, Inc. |
| COURT |
United States District Court for the District of Massachusetts |
| CASE NUMBER |
18-cv-12330 |
| JUDGE |
The Hon. Allison Dale Burroughs |
| CLASS PERIOD |
September 13, 2017 and July 26, 2018 |
| SECURITY TYPE |
Securities |
Case Background:
On August 20, 2018, the initial complaint in this securities class action was filed against LogMeIn, Inc. (“LogMeIn” or the “Company”), and certain of LogMeIn’s officers and directors, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all individuals and entities who purchased or otherwise acquired the LogMeIn securities between September 13, 2017 and July 26, 2018, both dates inclusive (the “Class Period”).
The complaint alleges 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 November 11, 2020, Lead Plaintiffs filed a second amended class action complaint (the “Amended Complaint”). On March 18, 2021, the Court issued an Order granting Defendants’ Motion to Dismiss the Amended Complaint. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; 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.