An investigation on behalf of current long term investors in Endurance International Group Hldgs Inc (NASDAQ:EIGI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:EIGI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/09/2016 --An investigation for shareholders in Endurance International Group Hldgs Inc (NASDAQ:EIGI) concerning potential breaches of fiduciary duties by certain Endurance International Group directors was announced.

Shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) declined from $22.80 per share on April 24, 2015 to as low as $9.28 per share on January 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.

According to that complaint filed in the U.S. District Court for the District of Massachusetts the plaintiff alleges that the defendants made certain 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 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 Hldgs ' organic growth was overstated and that Endurance International Group Hldgs' revenues per Indian filings are 30%-67% lower than reported in the United States. Endurance International Group Hldgs Inc released a statement in response to the report released byGotham City Research, LLC saying the claims in the report are baseless.

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