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The Rosen Law Firm Files Class Action Charging Synchronoss Technologies, Inc. With Securities Fraud - SNCR

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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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