Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Impinj, LogMeIn, and Pinduoduo and Encourages Investors to Contact the Firm

New York, New York, UNITED STATES


NEW YORK, Oct. 03, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Impinj, Inc., LogMeIn, Inc., and Pinduoduo Inc.  Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Impinj, Inc. (NASDAQ: PI)

Class Period: November 3, 2016 – August 2, 2018

Lead Plaintiff Deadline: October 8, 2018

The complaint alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects.  Specifically, defendants failed to disclose that: (1) the company had engaged in conduct that could lead to an employee complaint and/or Audit Committee investigation; (2) the company lacked adequate internal and financial controls; and (3) as a result of the foregoing, defendants’ statements about Impinj’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.  

To learn more about the Impinj class action go to:  https://bespc.com/impinj/.

LogMeIn, Inc. (NASDAQ: LOGM)

Class Period: March 1, 2017 - July 26, 2018

Lead Plaintiff Deadline: October 19, 2018

The complaint alleges that throughout the Class Period, defendants issued false and misleading statements and failed to disclose that: (1) LogMeIn’s business practices had negatively impacted renewal rates for certain of its services; and (2) as a result, Defendant’s public statements were materially false and misleading at all relevant times.

To learn more about the LogMeIn class action go to: http://bespc.com/logmein/.

Pinduoduo Inc. (NASDAQ: PDD)

Class Period: July 23, 2018 - August 21, 2018

Lead Plaintiff Deadline: October 22, 2018

The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects.  In the Registration Statement and Prospectus issued in connection with Pinduoduo’s IPO, defendants made materially false and misleading statements regarding the company’s business, operational, and compliance policies.  Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Pinduoduo’s controls were ineffective to prevent third-party vendors from selling counterfeit goods on the company’s online platform; (2) consequently, Pinduoduo’s revenues and the number of active merchants using its platform were traceable in part to unlawful conduct and thus unsustainable; and (3) as a result, Pinduoduo’s public statements were materially false and misleading at all relevant times.

To learn more about the Pinduoduo class action go to: http://bespc.com/pdd/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.

Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com