NEW YORK, March 21, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Apigee Corporation ("Apigee" or the "Company") (NASDAQ: APIC), concerning whether the board has breached its fiduciary duties to shareholders.
On April 24, 2015, Apigee went public. That day, Company stock traded over $20 per share. Since then, Apigee stock has fallen by more than half and is currently trading at less than $8 per share. Recent media reports suggest that Apigee's registration statement filed in connection with the initial public offering may not have complied with Generally Accepted Accounting Principles and may have misrepresented the Company's business prospects.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Apigee and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-apigee-corporation-300238996.html
SOURCE Harwood Feffer LLP