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 firstname.lastname@example.org or by phone at (484) 342-0700 for more information.