WAYNE, Pa., April 29, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Endurance International Group Holdings, Inc. ("EIGI" or the "Company") (NASDAQ: EIGI).
EIGI shareholders who purchased EIGI shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at [email protected] to learn more about this investigation or visit: www.rmclasslaw.com/cases/eigi.
The investigation concerns whether EIGI and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or breached their fiduciary duties to the EIGI's shareholders.
EIGI, together with its subsidiaries, provides cloud-based platform solutions for small- and medium-sized businesses worldwide. Specifically, the investigation relates to a April 28, 2015 article issued by Gotham City Research that disclosed, among other things, that: (1) 40%-100%+ of EIGI's reported profits are suspect; (2) the Company's organic growth was overstated; and (3) the Company's revenues per Indian filings are 30%-67% lower than reported in the United States. On this news, shares of EIGI fell $4.94 per share, or more than 22%, in intraday trading on April 28, 2015.
If you own EIGI shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/eigi. You may also email Mr. Maniskas at [email protected]. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
[email protected]
www.rmclasslaw.com/cases/eigi
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SOURCE Ryan & Maniskas, LLP
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