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LOGMEIN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF LOGMEIN, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – LOGM
December 17, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of LogMeIn, Inc. (NASDAQ: LOGM) to affiliates of Francisco Partners and Evergreen Coast Capital Corporation (“Evergreen”) for $86.05 per share is fair to LogMeIn shareholders. On behalf of LogMeIn shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The LogMeIn merger investigation concerns whether LogMeIn and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for LogMeIn shareholders; (2) determine whether Francisco Partners and Evergreen are underpaying for LogMeIn; and (3) disclose all material information necessary for LogMeIn shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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