Synchronoss Technologies, Inc. (NasdaqGS: SNCR)

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 30, 2017 to file lead plaintiff applications in a securities class action lawsuit against Synchronoss Technologies, Inc. (NasdaqGS: SNCR), if they purchased the Company’s securities between May 5, 2016 and April 27, 2017, inclusive (the “Class Period”).  This action is pending in the United States District Court for the District Court of New Jersey.

What You May Do

If you purchased securities of Synchronoss and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 30, 2017.

About the Lawsuit

Synchronoss and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the company would be unable to attain the revenue guidance provided to investors; (ii) the company would need to adjust its prior guidance; and (iii) as a result of the foregoing, Synchronoss’ financial statements were materially false and misleading at all relevant times.

On this news, the price of Synchronoss’ shares plummeted.