NEW YORK, April 27, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of MobileIron, Inc. ("MobileIron" or the "Company") (NASDAQ: MOBL), concerning whether the board has breached its fiduciary duties to shareholders.
On April 22, 2015, the Company issued a press release announcing preliminary results for the first quarter of 2015. According to the press release, the Company's gross billings for the quarter are expected to be in the range of $35.5-$37 million. The Company had guided for $40-$42 million in gross billings. Likewise, the Company expects its revenue to be between $32-$33 million, as opposed to the previously-guided $34-$37 million. MobileIron stock fell approximately 25% on this news.
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 MobileIron 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
Email: [email protected]
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.
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SOURCE Harwood Feffer LLP