San Diego, CA -- (SBWire) -- 09/16/2014 --An investigation on behalf of investors of E2open Inc (NASDAQ:EOPN) shares over potential securities laws violations by E2open Inc and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of E2open Inc (NASDAQ:EOPN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of E2open Inc (NASDAQ:EOPN) concerning whether a series of statements by E2open regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of E2open Inc (NASDAQ:EOPN) grew from $12.58 per share in April 2013 to as high as $29.00 per share in February 2014.
E2open Inc (NASDAQ:EOPN) reported that its that its Total Revenue declined from $74.94 million for the 12 months period that ended on Feb. 28, 2013 to $71.24 million for the 12 months period that ended on Feb. 28, 2014 and that its respective Net Loss increased from $0.71 million to $25.07 million.
On September 11, 2014, E2open Inc provided preliminary results for the second fiscal quarter ended August 31st and updated expectations for the full year fiscal 2015. In addition, the Company reported Rob Schoenthaler, E2open's Chief Customer Officer, has assumed responsibility for the sales organization.
Shares of E2open Inc (NASDAQ:EOPN) declined on September 11, 2014 to as low as $10.60 per share.
On September 12, 2014, NASDAQ:EOPN shares closed at $11.20 per share.
Those who purchased shares of E2open Inc (NASDAQ:EOPN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
E2open Inc (NASDAQ:EOPN) Investor Alert: Investigation of Possible Securities Laws Violations
An investigation for investors in E2open Inc (NASDAQ:EOPN) shares over potential securities laws violations by E2open was announced and NASDAQ:EOPN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com