SYNACOR 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors with Losses in Excess of $100,00...
June 03 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have only until June 4, 2018 to file
lead plaintiff applications in a securities class action lawsuit
against Synacor, Inc. (NasdaqGM: SYNC). Investor losses must relate
to purchases of the Company’s securities between May 4, 2016 and
March 15, 2018. This action is pending in the United States
District Court for the Southern District of New York.
Get Help
Synacor investors should visit us at
https://www.claimsfiler.com/cases/view-synacor-inc-securities-litigation
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
On March 15, 2018, the Company disclosed difficulties with its
contract with AT&T and the effect on earnings, stating “in the
last three quarters of 2017, we generated approximately $25 million
in revenue from AT&T…this forecast is below the $100 million
annual revenue target that AT&T and Synacor announced when we
first discussed the portal contract and was a critical element of
Synacor’s $300 million 2019 target.” On this news, the price of
Synacor’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180603005001/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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