An investigation for investors in Endurance International Group Hldgs Inc (NASDAQ:EIGI) shares over potential securities laws violations by Endurance International Group Hldgs was announced and NASDAQ:EIGI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 05/04/2015 -- An investigation on behalf of investors of Endurance International Group Hldgs Inc (NASDAQ:EIGI) shares over potential securities laws violations by Endurance International Group Holdings Inc and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Endurance International Group Hldgs Inc (NASDAQ:EIGI) concerning whether a series of statements by Endurance International Group Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Endurance International Group Holdings Inc went public in October 2013. Shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) grew from $10.99 per share in early November 2013 to as high as $23.49 per share on April 23, 2015.
Then 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 by Gotham City Research, LLC saying the claims in the report are baseless.
Shares of Endurance International Group Hldgs Inc (NASDAQ:EIGI) declined to as low as $15.82 per share on April 28, 2015.
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