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Case Status:    ONGOING    
On or around 01/27/2020 (Date of last review)

Filing Date: January 24, 2020

According to the Complaint, LogMeIn, Inc. provides its customers with unified communications and collaboration,
identity and access management, and customer engagement and support solutions.

This action is brought as a class action by Plaintiff on behalf of himself and the other public holders of the common stock of LogMeIn, Inc. against the Company and the members of the Company’s board of directors for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, in connection with the proposed merger between LogMeIn, Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliot Management Corporation.

On December 17, 2019, the Board caused the Company to enter into an agreement and plan of merger, pursuant to which the Company’s shareholders stand to receive $86.05 in cash for each share of LogMeIn stock they own.

The Complaint alleges that on January 17, 2020, in order to convince LogMeIn shareholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading Form PREM14A Preliminary Proxy Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

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.
COURT: D. Delaware
DOCKET #: 20-CV-00124
JUDGE: Hon. Leonard P. Stark
DATE FILED: 01/24/2020
CLASS PERIOD START: 12/17/2019
CLASS PERIOD END: 01/24/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi, LLP (Wilmington 2019)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available