Robbins Arroyo LLP Is Investigating the Officers and Directors of comScore, Inc. (SCOR) on Behalf of Shareholders
December 07 2016 - 4:48PM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of comScore, Inc. (NASDAQGS:
SCOR) violated federal securities laws by issuing materially
misleading business information to the investing public. comScore
provides digital media analytics products and services for content
publishers, advertisers, advertising agencies, and network
operators primarily in the United States, Canada, Europe, Latin
America, and Asia.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/comscore-inc-dec-16
comScore Stock Declines After Announcing Results of Internal
Investigation
On November 23, 2016, comScore announced the resignations of the
chairman of the company's board and the chair of the board's
Nominating and Governance Committee. comScore also revealed the
results of an internal investigation related to the company's
revenue recognition practices and internal controls, among other
things, stating that "the Company cannot support the prior
accounting for the nonmonetary transactions recorded by the Company
during the years ended December 31, 2013, 2014 and 2015, and
accordingly, revenue and expenses associated with all nonmonetary
transactions during these periods is being reversed and accounted
for at historical cost rather than at fair value." On this news,
comScore's stock fell $1.55 per share, or over 5%, to close at
$28.94 per share on November 25, 2016.
comScore Shareholders Have Legal Options
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney Darnell R.
Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207006322/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com