San Diego, CA -- (SBWIRE) -- 05/18/2016 -- A lawsuit is pending in Massachusetts on behalf of certain purchasers of shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) over alleged Securities Laws Violations by Endurance International Group Holdings.

Shares of Burlington, MA based Endurance International Group Holdings Inc (NASDAQ:EIGI) declined from $22.80 per share on April 24, 2015 to as low as $8.47 per share on May 12, 2016.

Investors who are current long term investors in Endurance International Group Hldgs Inc (NASDAQ:EIGI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

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

On April 28, 2015, Gotham City Research, LLC issued a report titled "Endurance International Group: A Web of Deceit". In the report, Gotham City Research, LLC stated that 40%-100%+ of Endurance International Group Hldgs' reported profits are suspect, that Endurance International Group Holdings' organic growth was overstated and that Endurance International Group Hldgs' revenues per Indian filings are 30%-67% lower than reported in the United States.

On May 4, 2015, a lawsuit was filed in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by Endurance International Group Holdings. The plaintiff claimed that defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose to investors that Endurance International Group Holdings Inc overstated its 2014 Average Revenue per Subscriber and organic growth rate, that Endurance International Group Holdings Inc engaged in irregular accounting practices related to its international business, and that, as a result of the foregoing, Endurance International Group Holdings' statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On December 8, 2015, the plaintiff filed an amended complaint.

On December 16, 2015, Endurance International Group Hldgs Inc disclosed that it received a subpoena dated December 10, 2015 from the Boston Regional Office of the Securities and Exchange Commission, requiring the production of certain documents, including, among other things, documents related to Endurance's financial reporting, including operating and non-GAAP metrics, refund, sales and marketing practices and transactions with related parties.

Those who purchased shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) 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