Published: September 19, 2008
The Rosen Law Firm Files Class Action Charging Synchronoss Technologies, Inc. With Securities Fraud - SNCR
The Rosen Law Firm today announced that it has
filed a class action lawsuit on behalf of purchasers of Synchronoss
Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR) common
stock during the period from February 4, 2008 through June 9, 2008 (the
"Class Period").
To join the Synchronoss class action, go to the website at
http://rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq.
toll-free at 866-767-3653 or email lrosen@rosenlegal.com or
pkim@rosenlegal.com for information on the class action.
You can also join this class action online at http://rosenlegal.com.
The complaint charges that Synchronoss and certain of its officers violated
the Securities Exchange Act by issuing materially false and misleading
statements about its contract to provide in-store activation of iPhones.
On June 10, 2008, the Company announced that it will not participate in the
on-site, retail store activations associated with the 3G iPhone and
acknowledged that it had been aware of this material development since at
least May 2008 when the Company had issued revised financial guidance. As a
result of this adverse disclosure, the price of Synchronoss stock has
dropped, damaging investors.
The case is pending in the United States District Court for the District of
New Jersey. You can obtain a copy of the complaint from the clerk of court
or you may contact counsel for the plaintiff Laurence Rosen, Esq. toll-free
at 866-767-3653 or email lrosen@rosenlegal.com.
A class action lawsuit has already been filed on behalf of Synchronoss
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than November 7, 2008. If you wish to join the litigation or
to discuss your rights or interests regarding this class action, please
contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of
The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud.
The Rosen Law Firm represents investors throughout the nation,
concentrating its practice in securities class actions.
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