An investigation on behalf of investors in Citrix Systems, Inc. (NASDAQ: CTXS) shares over potential wrongdoing at Citrix Systems, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/12/2018 -- An investigation was announced for investors in shares of Citrix Systems, Inc. (NASDAQ: CTXS) over potential breaches of fiduciary duties by certain directors at Citrix Systems, Inc.
Investors who purchased shares of Citrix Systems, Inc. (NASDAQ: CTXS) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Citrix Systems directors breached their fiduciary duties and caused damage to the company and its shareholders.
Fort Lauderdale, FL based Citrix Systems, Inc. delivers solutions to secure and access applications worldwide.
On February 1, 2017, Citrix Systems, Inc. (Nasdaq: CTXS) announced that it has completed the spin-off and merger of its GoTo family of service offerings with LogMeIn, Inc. (Nasdaq: LOGM). As a result of these transactions, in addition to retaining the shares of Citrix common stock they currently own, Citrix stockholders will receive approximately 0.1718 of a share of LogMeIn common stock for each share of Citrix common stock that they owned of record as of January 20, 2017.
On August 20, 2018, a lawsuit was filed against LogMeIn, Inc. (NASDAQ: LOGM) over alleged violations of Federal Securities Laws by LogMeIn, Inc. in connection with certain allegedly false and misleading statements. The plaintiff claims that between March 1, 2017 through July 26, 2018, the defendants made false and/or misleading statements and/or failed to disclose that LogMeIn's business practices had negatively impacted renewal rates for certain of its services, and that as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages
Those who purchased shares of Citrix Systems, Inc. (NASDAQ: CTXS) have certain options and should contact the Shareholders Foundation.
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