Edgio, Inc. (f/k/a Limelight Networks, Inc.)

Ticker: EGIO

Class Period Start: 02/11/2021

Class Period End: 03/12/2023

Registration Deadline: 06/26/2023

A securities class action has been filed in the USDC – AZ against Edgio, Inc. (EGIO) (“Edgio,” or the “Company”) on behalf of persons and entities that purchased or otherwise acquired Edgio, Inc. f/k/a Limelight Networks, Inc. securities between February 11, 2021 through March 12, 2023.


The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

  • that the sale of Open Edge equipment should be accounted as financing leases;
  • that there were material weaknesses in the Company’s internal controls over financial reporting related to Open Edge transactions;
  • that, as a result, the Company’s revenue had been overstated in certain periods; and
  • that, as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.


If you purchased Edgio securities during the Class Period and would like to receive more information or join the action, please enter your contact information below and click “Submit Your Information”.


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