An investigation for investors in Apigee Corp (NASDAQ:APIC) shares over potential securities laws violations by Apigee was announced and NASDAQ:APIC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/17/2016 -- An investigation for shareholders in Apigee Corp over potential securities laws violations by Apigee and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Apigee Corp (NASDAQ:APIC), 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 Apigee Corp (NASDAQ:APIC) concerning whether certain statements regarding Apige's business, its prospects and its operations were materially false and misleading at the time they were made.
On April 24, 2015, Apigee's stock traded as high as $20.50, the same day Apigee Corp sold 5.1 million shares of stock in its initial public stock offering (the "IPO"), raising $87 million in new capital.
On September 9, 2015, Apigee Corp announced its fourth quarter results. Apigee Corp reported that its Total Revenue rose from $52.70 million for the 12 months period that ended on July 31, 2014 to $68.61 million for the 12 months period that ended on July 31, 2015 and that its Net Loss for those respective time periods declined from $60.79 million to $50.35 million.
Shares of Apigee Corp (NASDAQ:APIC) closed on February 12, 2016 at $5.45 per share.
Those who purchased shares of Apigee Corp (NASDAQ:APIC) 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