NEW YORK, Aug. 28, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Ellie Mae, Inc. ("Ellie Mae" or the "Company") (NYSE: ELLI), including whether the board has breached its fiduciary duties to shareholders.
On July 27, 2017, Ellie Mae announced its second quarter 2017 financial results. During the quarter, revenue came in well below guidance and Ellie Mae slashed its sales forecast for the full year.
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 potential conflicts of interest and inaccurate public disclosures.
If you own Ellie Mae shares 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.
Attorney Advertising. 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.
View original content with multimedia:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-ellie-mae-inc-300510389.html
SOURCE Harwood Feffer LLP