WILMINGTON, Del., April 29, 2015 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities fraud claims against Endurance International Group Holdings Inc. (“Endurance International” or the “Company”).
On April 28, 2015, investment analyst firm Gotham City Research LLC (“Gotham City”) released a report disclosing that 40%-100% of the Company’s profits were suspect. Specifically, the report highlighted, among other things: (1) related party transactions between the Company and entities tied to the Company’s CEO Hari Ravichandran; (2) accounting irregularities relating to the Company’s international business; and (3) evidence that the Company hosts terrorist-related websites along with malware/spam-related accounts.
As a result of this news, Endurance International’s stock price fell more than 10% when the markets closed on April 28, 2015, causing harm to shareholders.
If you currently own shares of Endurance International and want to receive additional information as to how to protect your investment free of charge and how you may be eligible to maximize the value of your current investment, please visit us at http://www.andrewsspringer.com/cases-investigations/EIGI or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.