LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR) concerning possible violations of federal securities laws between December 6, 2016 through April 26, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm in advance of the June 30, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Synchronoss made false and/or misleading statements and/or failed to disclose: that the Company would not be able to meet revenue guidance provided to investors; that Synchronoss would need to revise its prior guidance; and that as a result of the above, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Upon release of this news, shares of Synchronoss fell in value materially, which harmed investors according to the Complaint.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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