NEW YORK, Aug. 1, 2017 /PRNewswire-USNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Apigee Corporation ("Apigee" or the "Company") (formerly NASDAQ: APIC) related to potential violations of federal securities laws. If you were an Apigee shareholder who bought in the Initial Public Offering, you are encouraged to contact Scott+Scott for additional information.
Apigee was a California-based software development company that provided a software platform enabling businesses to design, deploy and scale application-programming interfaces ("APIs") as a connection layer between their core IT systems, data, and the applications through which their customers, partners, employees and other users engage with their businesses.
On April 24, 2015, Apigee conducted an initial public offering during which it sold 5,115,000 shares at $17 per share and raised $86,955,000 in gross proceeds. By June 30, 2015, the Company's stock had fallen, closing at $9.93 per share, before plummeting further to trade around $6 per share in August 2015.
Scott+Scott is investigating whether Apigee's offering documents were false or misleading.
What You Can Do
If you purchased or acquired Apigee shares on or after April 24, 2015 and you wish to discuss this lawsuit, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982 or at email@example.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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