LogMeIn, Inc. Investigation Commences
Levi & Korsinsky, LLP
July 31, 2018
NEW YORK, July 31, 2018 – Levi & Korsinsky announces it has commenced an investigation of LogMeIn, Inc. (“LogMeIn” or “the Company”) (NASDAQ: LOGM) concerning possible violations of federal securities laws. On July 27, 2018, during a conference call with investors, CEO Bill Wagner explained that a “combination of imperfect execution and some hangover effects of last year’s merger with the GoTo business led to disappointing renewal rates.” On this news, shares of LogMeIn fell $26.60 to close at $77.85 per share on July 27, 2018.
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