Robbins Arroyo LLP Is Investigating the Officers and Directors of Apigee Corporation (APIC) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Apigee Corporation (NASDAQGS: APIC) violated federal securities laws by issuing materially misleading business information to the investing public. Apigee develops a software platform that enables application programmable interface based digital strategies and business insights for enterprises.
Apigee Stock Price Falls Dramatically
On April 24, 2015, Apigee sold 5.1 million shares of stock in its initial public stock offering , raising $87 million in new capital. However, after disclosing poor results over the following financial periods, Apigee’s stock has fallen sharply from its first day trading high of $20.50 per share to close at $7.97 per share on January 27, 2016, a decline of 60%.
Apigee Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.