According to the Complaint, this action arises out of the mergerbetween Rentrak and comScore on February 1, 2015 (the “Transaction” and the “Class”). The issuance of comScore common stock in connection with the Transaction was registered under the Securities Act of 1933, as amended, pursuant to comScore’s registration statement on Form S-4 (File No. 333-207714), filed with the SEC and declared effective on December 23, 2015 (the “Registration Statement”).
The Complaint alleges the Registration Statement provided historical consolidated financial data for comScore for 2010 through 2014—including (i) revenue; (ii) total expenses from operations; and (iii) (loss) income from operations—derived from comScore’s audited consolidated financial statements, which were incorporated by reference. The Registration Statement also provided the same information for the six months ended June 30, 2015 and June 30, 2014. comScore has now admitted that this financial information was misstated and can no longer be relied upon. Defendants are strictly liable for the losses that Plaintiff and the Class have incurred as a result of these untrue statements of material fact.
On March 21, 2017, this case was remanded to the Multnomah County Circuit Court.
Company & Securities Information
Defendant: Rentrak Corporation
Industry: Business Services
Headquarters: United States
Ticker Symbol: RENT
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
Ira S. Nathan, et al. v. Serge Matta, et al.
COURT: D. Oregon
DOCKET #: 16-CV-02127
JUDGE: Hon. Michael W. Mosman
DATE FILED: 11/07/2016
CLASS PERIOD START: 02/01/2015
CLASS PERIOD END: 02/01/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Andrews & Springer LLC 3801 Kennett Pike Building C, Suite 305, Andrews & Springer LLC, DE 19807 (302) 504-4957 (302) 397-2681 ·
Block & Leviton LLP 155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110 (617) 398-5600 (617) 507-6020 ·