PHILADELPHIA--(BUSINESS WIRE)--Goldman Scarlato & Penny, P.C., a law firm protecting the rights of investors, announces the filing of a class action against Synchronoss Technologies, Inc. (NASDAQ: SNCR). Investors who purchased shares of SNCR between December 6, 2016 and April 26, 2017 are encouraged to contact us in advance of the June 30, 2017 deadline to seek to be a lead plaintiff.
A class has not yet been certified in the class action. Until a class is certified, you are not represented by a lawyer unless you retain one. You can remain an absent class member and do nothing at this point. Or, you may retain counsel of your choice.
According to the lawsuit, Synchronoss and certain of its current and former executive officers violated the securities laws by issuing false or misleading statements about Synchronoss’ business. On April 27, 2017, before the market opened, Synchronoss preannounced revenue and operating margins substantially below prior guidance. It also announced that its CEO and CFO were leaving the company “to pursue other interests.” Synchronoss’ stock price dropped sharply – over 46% – on the news.
Goldman Scarlato & Penny has recovered hundreds of millions of dollars on behalf of shareholders, consumers and businesses victimized by wrongful corporate practices.
To join the Synchronoss class action, please contact Paul Scarlato via email at firstname.lastname@example.org or by phone at (484) 342-0700 for more information.
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