Investigation announced for Investors in shares of Glu Mobile Inc. (NASDAQ: GLUU)

An investigation was announced concerning potential securities laws violations by Glu Mobile Inc. in connection with certain financial statements.

Investors who purchased shares of Glu Mobile Inc. (NASDAQ: GLUU), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Glu Mobile Inc. (NASDAQ: GLUU regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. On August 1, 2019, post-market, Glu Mobile sharply decreased its annual bookings guidance and annual forecast. Glu Mobile’s Chief Financial Officer stated that the Company had revised its annual guidance “primarily to reflect the timing of new launches, contribution from newly launched titles and incremental UA investment to take advantage of favorable ROI opportunities.”

Shares of Glu Mobile Inc. (NASDAQ: GLUU) declined from $11.65 per share in April 2019 to as low as $$.31 per share on August 16, 2019.

Those who purchased shares of Glu Mobile Inc. (NASDAQ: GLUU) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.