ATLANTA--(BUSINESS WIRE)--
A class action lawsuit has been filed on behalf of investors who purchased Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR) securities between December 6, 2016 and April 26, 2017.
The lawsuit alleges, among other things, that Company misrepresented its ability to meet revenue guidance during that time. On April 27, 2017, Synchronoss announced that its Chief Executive Officer and its Chief Financial Officer were resigning their positions with the Company. At the same time, Synchronoss lowered its 2017 guidance. The price of Synchronoss stock fell significantly on the news.
Then, on June 23, 2017, Synchronoss announced it had received a takeover offer from a private equity firm that already held nearly 13 percent of the Company’s stock.
If you purchased Synchronoss securities between December 6, 2016 and April 26, 2017 – or if you currently hold SNCR shares – you are encouraged to visit the firm’s website at www.holzerlaw.com to receive additional information about your legal rights. You can also directly contact Corey D. Holzer, Esq. at [email protected] or Marshall P. Dees, Esq. at [email protected], or call the firm by toll-free telephone at (888) 508-6832.
The deadline to ask the court to be appointed lead plaintiff is June 30, 2017.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
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