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Investigations

Securities Class Action Lawsuit Filed Against Synchronoss Technologies, Inc.

An investor lawsuit has been filed against Synchronoss Technologies, Inc. (NASDAQ: SNCR), and certain of its current and former executive officers. According to the lawsuit, the defendants violated the securities laws by issuing false or misleading statements about Synchronoss’ business. Then, 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.

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.

To join the Synchronoss class action, please contact Paul Scarlato via email at scarlato@lawgsp.com or by phone at (484) 342-0700 for more information.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.

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