BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors that a class action complaint has been filed on behalf of a class comprising purchasers of the securities 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”).
ServiceSource provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. 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; and, in addition whether Mike Smerklo, President and CEO of ServiceSource, obtained millions of dollars in cash bonuses and other perks as a result of the alleged fraud. The complaint further alleges that ServiceSource investors have been damaged by the defendants’ alleged fraud as a result of a sharp decline in the Company’s share price.
If you purchased shares of ServiceSource during the Class Period, you may move the Court no later than September 8, 2015, to serve as a class representative. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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