||United States District Court for the District of Massachusetts
||The Hon. Allison Dale Burroughs
||Between September 13, 2017 and July 26, 2018
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.
The complaint alleged that the 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 or deceit 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, operational and financial results.
This securities class action lawsuit was brought on behalf of all individuals and entities that purchased or otherwise acquired LogMeIn securities between September 13, 2017 and July 26, 2018, inclusive.
Current Status of Case:
On October 7, 2020, the Court issued an opinion and order granting the defendants’ motion to dismiss the amended class action complaint without prejudice. The lead plaintiff filed a second amended class action complaint on November 11, 2020. This action is still ongoing.
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