Lawsuit for Investors in NASDAQ: SNCR Shares Against Synchronoss Technologies, Inc. Announced by Shareholders Foundation

SAN DIEGO, CA, September 26, 2017 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors who purchased NASDAQ: SNCR shares against Synchronoss Technologies, Inc. over alleged Securities Laws Violations.

Investors, who purchased shares of Synchronoss Technologies, Inc. (NASDAQ: SNCR) prior to 2014 or earlier and currently hold any of their NASDAQ: SNCR shares, should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On April 27, 2017, Synchronoss Technologies, Inc. announced that company founder and Chairman of the Board of Directors, Stephen Waldis, will return to the role of Chief Executive Officer, effective immediately. Synchronoss Technologies, Inc. also announced that Lawrence Irving has been named Chief Financial Officer and that John Frederick, who served as Chief Financial Officer prior to Mr. Irving's appointment, will be leaving to pursue other interests. Furthermore, Synchronoss Technologies, Inc. also downgraded its revenue guidance by $13 to $14 million and its operating margins by up to 10% for the first quarter of 2017.

On May 1, 2017, a lawsuit was filed against Synchronoss Technologies, Inc. over alleged securities laws violations. The plaintiff claimed that the defendants made false and/or misleading statements and/or failed to disclose that Synchronoss Technologies, Inc. would not be able to meet revenue guidance provided to investors, that as such, Synchronoss Technologies, Inc. would need to revise its prior guidance, and that as a result, defendants’ statements about Synchronoss Technologies, Inc’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.