Synacor, Inc. (NASDAQ: SYNC) Investor Files Securities Class Action Lawsuit Over Alleged False And Misleading Statements

An investor, who purchased shares of Synacor, Inc. (NASDAQ: SYNC), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Synacor, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Synacor, Inc. (NASDAQ: SYNC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Synacor, Inc. (NASDAQ: SYNC) common shares between May 4, 2016, and March 15, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 4, 2016, and March 15, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Synacor, Inc was unlikely to receive significant revenues from the AT&T Contract until 2018, that as such, the Company’s revenue forecasts issued between May 4, 2016, and March 15, 2018were materially false and misleading, and that as a result of the foregoing, Synacor, Inc shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.

Those who purchased shares of Synacor, Inc. (NASDAQ: SYNC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com