SAN DIEGO & RESTON, Va.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that purchases of comScore, Inc. filed a class action complaint against comScore, Inc. (NASDAQ: SCOR) for alleged violations of the Securities Exchange Act of 1934 between November 8, 2018 and March 29, 2019. ComScore is an information and analytics company that measures consumer audiences and advertising across media platforms.
View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/comscore-inc-apr-19/
ComScore Accused of Overstating Revenues and Earnings
According to the complaint, on March 21, 2019, the company revealed that it expects first quarter 2019 revenue to be below previously announced expectations. ComScore also revealed that its Chief Executive Officer, Bryan Wiener, and President, Sarah Hofstetter, both of whom had been appointed to their positions less than one year ago, would both be resigning. The next day in a filing with the U.S. Securities and Exchange Commission, comScore elaborated that Wiener had resigned because he "disagreed with the Company regarding the execution of [its] strategy." Following this news, comScore’s stock dropped nearly 30% to close at $14.24 per share on April 1, 2019.
ComScore Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leo Kandinov at (800) 350-6003, lkandinov@robbinsarroyo.com or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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