Shareholders Foundation, Inc.

Edgio, Inc. (NASDAQ: EGIO) Long Term Shareholder Notice: Investigation of Potential Wrongdoing

An investigation on behalf of current long term investors in Edgio, Inc. (NASDAQ: EGIO) shares over possible breaches of fiduciary duty by certain officers and directors was announced.


San Diego, CA -- (SBWIRE) -- 09/22/2023 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Edgio, Inc.

Investors who are current long term investors in Edgio, Inc. (NASDAQ: EGIO) shares, have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: EGIO stocks follows a lawsuit filed against Edgio, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EGIO stocks, concerns whether certain Edgio directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants failed to disclose to investors that the sale of Open Edge equipment should be accounted as financing leases,that there were material weaknesses in the Company's internal controls over financial reporting related to Open Edge transactions, that, as a result, the Company's revenue had been overstated in certain periods, and that, as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Edgio, Inc. (NASDAQ: EGIO) have certain options and should contact the Shareholders Foundation.

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

About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.