An investigation for investors in Glu Mobile Inc. (NASDAQ: GLUU) shares over potential securities laws violations by Glu Mobile Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/27/2019 -- Glu Mobile Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Glu Mobile Inc. (NASDAQ: GLUU), 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 focuses on possible claims on behalf of purchasers of the securities of Glu Mobile Inc. (NASDAQ: GLUU) concerning whether a series of statements by Glu Mobile Inc. (NASDAQ: GLUU regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. On August 1, 2019, post-market, Glu Mobile sharply decreased its annual bookings guidance and annual forecast. Glu Mobile's Chief Financial Officer stated that the Company had revised its annual guidance "primarily to reflect the timing of new launches, contribution from newly launched titles and incremental UA investment to take advantage of favorable ROI opportunities."
Those who purchased shares of Glu Mobile Inc. (NASDAQ: GLUU) have certain options and should contact the Shareholders Foundation.
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