Thieler Law Corp advises investors with losses exceeding $100,000 of the October 19, 2018 lead plaintiff deadline in a class action lawsuit filed against LogMeIn Inc (NASDAQ: LOGM) (“LogMeIn” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased LogMeIn Inc securities between March 1, 2017 and July 26, 2018, have until October 19, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased LogMeIn Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 LogMeIn's business practices had negatively impacted renewal rates for certain of its services; and as a result, defendants' public statements were materially false and misleading at all relevant times.

On July 27, 2018, the Company revealed lowered revenue expectations for 2018. During a conference call with investors, Bill Wagner, the Company CEO detailed “executional missteps” related to the company's $1.8 billion merger with GoToMeeting. Specifically, Bill Wagner claimed that customers were not renewing their subscriptions to the suite of corporate videoconferencing tools that LogMeIn acquired from Citrix in February 2017.

Following this news, NASDAQ: LOGM fell 25%, or $26.60, to close at $77.85 on July 27, 2018.

If you were negatively impacted by your investment in LogMeIn Inc securities between March 1, 2017 and July 26, 2018 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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