Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:20-cv-00124-LPS on behalf of shareholders of LogMeIn, Inc. (“LogMeIn” or the “Company”) (NASDAQ:LOGM) who have been harmed by LogMeIn’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the proposed merger of the Company with Francisco Partners and Evergreen Coast Capital Corporation (“Evergreen”), the private equity affiliate of Elliot Management Corporation (the “Proposed Transaction”).
On December 17, 2019, the Board caused the Company to enter into an agreement and plan of merger under which LogMeIn shareholders stand to receive $86.05 in cash for each share of LogMeIn stock they own.
The complaint alleges that the Proxy filed with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to LogMeIn shareholders.
If you wish to serve as lead plaintiff, you must move the Court no later than April 13, 2020. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to obtain information concerning this action, you can do so by completing the form below.
LogMeIn, Inc. (LOGM)
* The submission of this form does not create an attorney-client relationship.
Filed on 02/13/2020
Court District of Delaware
Lead Plaintiff Deadline 04/13/2020
57 days remaining
685 Third Avenue 26th Floor
10017 New York, New York
Phone (212) 983-9330
Fax (212) 983-9331
James M. Wilson, Jr. email@example.com Phone (212) 983-9330 Fax (212) 983-9331