Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Ellie Mae, Inc. (“Ellie Mae” or the “Company”) (NYSE: ELLI) concerning possible violations of federal securities laws.
If you purchased shares of Ellie Mae and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250 Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
The investigation concerns whether Ellie Mae and certain of its officers and/or directors violated federal securities laws. On July 27, 2017, the Company reported its second quarter 2017 financial results for the period ended June 30, 2017, in which Revenue came in at $104.1 million, well below guidance. Also, the Company lowered its FY17 sales forecast and disclosed that FY17 adjusted income would come in almost 40% lower than the range that Ellie Mae previously provided. When this news was announced, shares of Ellie Mae declined in value.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170825005725/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
