ServiceSource International, Inc. Securities Litigation
On or around 03/08/2017 (Court's order of dismissal)
Filing Date: July 08, 2015
According to the law firm press release, this suit alleges ServiceSource made false and/or misleading statements concerning ServiceSource’s true business condition enabling certain insiders to sell their ServiceSource shares at artificially-elevated prices. The suit claims that the Defendant received millions of dollars in cash bonuses and other benefits as a consequence of this fraud. When these adverse facts were learned by the market, the complaint alleges that ServiceSource investors suffered damages.
The Court appointed lead plaintiff and approved the selection of lead counsel on October 21, 2015.
On March 8, 2017, the Court issued an Order dismissing this case with prejudice.
Company & Securities Information
Defendant: ServiceSource International, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: SREV
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Scott Weller, et al. v. Scout Analytics, Inc., et al.
COURT: N.D. California
DOCKET #: 15-CV-03170
JUDGE: Hon. Edward J. Davila
DATE FILED: 07/08/2015
CLASS PERIOD START: 01/22/2014
CLASS PERIOD END: 05/01/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Newman Du Wors LLP 2101 Fourth Avenue, Suite 1500, Newman Du Wors LLP, WA 98121 (206) 274-2800 (206) 274-2801 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Order Appointing Lead Plaintiff And Appointing Lead Counsel