LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating comScore, Inc. (“comScore” or the “Company”) (NYSE: SCOR) concerning possible violations of federal securities laws.
If you purchased or otherwise acquired comScore shares and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
The investigation focuses on whether comScore and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Post-market on November 23, 2016, comScore revealed the resignations of the Chairman of the Company's Board and the Chair of the Board's Nominating and Governance Committee on November 17, 2016. Then comScore disclosed the sum of its internal investigation concerning "matters related to the Company's revenue recognition practices, disclosures, internal controls, corporate culture, and certain employment practices." Following this, comScore's Audit Committee, working with outside counsel and forensic accountants, determined that "the Company cannot support the prior accounting for the nonmonetary transactions recorded by the Company during the years ended December 31, 2013, 2014 and 2015, and accordingly, revenue and expenses associated with all nonmonetary transactions during these periods is being reversed and accounted for at historical cost rather than at fair value." The Audit Committee furthermore disclosed concerns regarding its internal controls. comScore informed shareholders that "there may be additional accounting adjustments and such adjustments may be material." When this news was revealed to the public, comScore stock dropped $1.55 per share, or 5.11%, to close at $28.94 on November 25, 2016, causing investors severe harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
