LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces the filing of a class action lawsuit on behalf of investors of ServiceSource International, Inc. (“ServiceSource” or the “Company”) (NASDAQ: SREV) who purchased the Company’s securities between January 22, 2014 and May 1, 2014 inclusive (the “Class Period”). Pursuant to notice published by counsel for plaintiff Scott Weller on July 28, 2015 in the Wall Street Journal, ServiceSource investors have until September 28, 2015 to file a lead plaintiff motion.
ServiceSource provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The Company has allegedly misled investors regarding the operational efficiency and profitability of its Managed Services business. The complaint alleges that defendants made allegedly false and misleading statements regarding the Company's business, operations, and management which caused the stock price to inflate, allowing certain insiders to sell their ServiceSource stock at artificially-inflated prices. The complaint further alleges that Mike Smerklo, President and CEO of ServiceSource, obtained millions of dollars in cash bonuses and other perks as a result of the alleged fraud. Upon disclosure of the alleged fraud ServiceSource’s share price declined sharply thereby injuring investors, the complaint alleges.
If you purchased shares of ServiceSource , have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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