Thieler Law Corp advises investors with losses exceeding $100,000 of the July 3, 2015 lead plaintiff deadline in a class action lawsuit filed against Endurance International Group Holdings Inc (NASDAQ: EIGI) (“Endurance International” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Endurance International securities between November 4, 2014 and April 27, 2015, have until July 3, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Endurance International securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Endurance International overstated its 2014 Average Revenue per Subscriber (“ARPS”) and organic growth rate.  Additionally, the complaint claims that the Company engaged in irregular accounting practices related to its international business; and that, as a result of the foregoing, Endurance International’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On April 28, 2015, Gotham City Research LLC published a report alleging, among other things, that 40% to 100% of Endurance’s reported profits were suspect and that the Company’s normalized profits would be insufficient to cover its interest expenses. The published report also alleged Endurance International  uses related parties to inflate earnings, and that there were numerous accounting irregularities connected to  the Company’s international business. The report also alleged that Endurance International’s reported organic growth rate was overstated and that 2014 Average Revenue per Subscriber (“ARPS”) had actually declined 13% when the Company’s 10-K claimed that ARPS had grown 11%.

After the release of this report, shares of Endurance dropped over 10%, to close on April 28, 2015, at $19.70 per share, on unusually heavy volume.

If you were negatively impacted by your investment in Endurance International securities between November 4, 2014 and April 27, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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