SYNACOR SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Clas...
May 11 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until June 4, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Synacor, Inc. (NasdaqGM: SYNC), if they purchased the Company’s
securities between May 4, 2016 and March 15, 2018, inclusive (the
“Class Period”). 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
Synacor and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On March 15, 2018, during an investor conference call to discuss
Synacor’s 4Q financial results, CEO Himesh Bhise addressed
difficulties with the Company’s 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180511005811/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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