30/07/2016 16:42:25 1-888-992-3836 (toll free) Free Membership Login

SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Endurance Inter...

Date : 06/08/2015 @ 5:44PM
Source : Business Wire
Stock : Endurance International Grp. Holdings, Inc. (MM) (EIGI)
Quote : 8.98  -0.05 (-0.55%) @ 5:29PM
ENDURANCE INTERNATIONAL GROUP HO share price Chart

SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Endurance Inter...

ENDURANCE INTERNATIONAL GROUP HO (NASDAQ:EIGI)
Historical Stock Chart

2 Years : From Jul 2014 to Jul 2016

Click Here for more ENDURANCE INTERNATIONAL GROUP HO Charts.

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of Massachusetts on behalf of purchasers of Endurance International Group Holdings, Inc. (“Endurance” or the “Company”) (Nasdaq:EIGI) common stock during the period between November 4, 2014 and April 27, 2015, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until July 3, 2015 to seek appointment as lead plaintiff.

If you have suffered a loss from investment in Endurance common stock purchased on or after November 4, 2014 and held through the revelation of negative information during and/or at the end of the Class Period, as described below, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Company common stock during the Class Period. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the Company overstated its average revenue per subscriber (“ARPS”) and organic growth rate and also engaged in irregular accounting practices related to its international business. According to the complaint, following the publication on April 28, 2015 of a Gotham City Research LLC report alleging, among other things, that 40% to 100% of the Company’s reported profits were suspect, that the Company's normalized profits would be insufficient to cover its interest expenses, that the Company uses related parties to inflate earnings, that various accounting irregularities relating to the Company's international business existed and that the Company's reported organic growth rate was overstated and that 2014 ARPS had actually declined 13%, the value of Endurance shares declined significantly.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland 21153hoffman@browerpiven.com

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:us D:20160730 20:42:25