Synchronoss Technologies, Inc. Securities Litigation
On or around 08/24/2018 (Ongoing date of last review)
Filing Date: May 01, 2017
According to the law firm press release, the lawsuit alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Synchronoss would not be able to meet revenue guidance provided to investors; (2) as such, Synchronoss would need to revise its prior guidance; and (3) as a result, defendants’ statements about Synchronoss’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On September 5, 2017, the Court issued an Order consolidating cases. The Consolidated Cases shall be identified as: In re Synchronoss Technologies, Inc., Securities Litigation.
On September 5, 2017, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiff filed an amended complaint on November 21. On August 24, 2018, Lead Plaintiff filed a consolidated amended Complaint.
Company & Securities Information
Defendant: Synchronoss Technologies, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: SNCR
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
John Robinson, et al. v. Synchronoss Technologies, Inc., et al.