Harwood Feffer LLP Announces Investigation of Ooma, Inc.

NEW YORK, Jan. 19, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Ooma, Inc. ("Ooma" or the "Company") (NYSE: OOMA), concerning whether the board has breached its fiduciary duties to shareholders.

On July 17, 2015, Ooma conducted its IPO and raised $65 million by selling five million shares of stock at $13 per share. Since that time, however, Ooma's stock has plummeted and now trades at approximately half of the IPO price.

Our investigation concerns whether the Company's registration statement and pre-IPO disclosures revealed all material facts regarding Ooma's business and whether the board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Ooma shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

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SOURCE Harwood Feffer LLP