NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Synchronoss Technologies, Inc. (NASDAQ:SNCR) resulting from allegations that Synchronoss may have issued materially misleading business information to the investing public.
On April 27, 2017, Synchronoss announced during premarket hours that Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick are both leaving Synchronoss “to pursue other interests.” Synchronoss also disclosed that it “expects total revenue for the first quarter of 2017 to be $13 million to $14 million less than the company’s previously announced guidance” and “[o]perating margins are expected to be 8% to 10%, which are less than previously announced guidance.” On this news, shares of Synchronoss fell sharply during intraday trading on April 27, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Synchronoss investors. If you purchased shares of Synchronoss on or before April 26, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1107.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
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