On or around 12/16/2020 (Date of last review)
Filing Date: August 20, 2018
According to the Complaint, LogMeIn, Inc. ("LogMeIn" or the "Company") provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions.
The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) LogMeIn’s business practices had negatively impacted renewal rates for certain of its services; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
This case was transferred to the District of Massachusetts under Docket 18-CV-12330 on November 6, 2018. On December 10, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on March 1, 2019. Defendants filed a Motion to Dismiss the amended Complaint on April 30, 2019. On October 7, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. Lead Plaintiff filed a second amended Complaint on November 11.
Company & Securities Information
Defendant: LogMeIn, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: LOGM
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.