NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 4, 2018 to file lead plaintiff applications in a securities class action lawsuit against Synacor, Inc. (NasdaqGM: SYNC). Investor losses must relate to purchases of the Company’s securities between May 4, 2016 and March 15, 2018. This action is pending in the United States District Court for the Southern District of New York.
Synacor investors should visit us at https://www.claimsfiler.com/cases/view-synacor-inc-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
On March 15, 2018, the Company disclosed difficulties with its contract with AT&T and the effect on earnings, stating “in the last three quarters of 2017, we generated approximately $25 million in revenue from AT&T…this forecast is below the $100 million annual revenue target that AT&T and Synacor announced when we first discussed the portal contract and was a critical element of Synacor’s $300 million 2019 target.” On this news, the price of Synacor’s shares plummeted.
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