A lawsuit was filed on behalf of investors in ComScore, Inc. (NASDAQ:SCOR) shares over alleged securities laws violations and NASDAQ:SCOR investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/05/2016 -- A shareholder in ComScore, Inc. (NASDAQ:SCOR) filed a lawsuit over alleged violations of Federal Securities Laws by ComScore, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of ComScore, Inc. (NASDAQ:SCOR) have certain options and for certain investors are short and strict deadlines running. Deadline: May 9, 2016. NASDAQ:SCOR investors should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of ComScore, Inc. (NASDAQ:SCOR) common shares between May 5, 2015 and March 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 5, 2015 and March 7, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that the Company's accounting practices were not in compliance with applicable SEC regulations, that the Company lacked adequate internal controls over accounting, that, as such, the Company would be unable to file its Form 10-K for the fiscal year ended December 31, 2015 in a timely manner, and that, as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about comScore's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
COMSCORE, Inc. reported that its annual Total Revenue rose from $329.15 million in 2014 to $368.82 million in 2015 and that its Net Loss declined from $9.90 per share in 2014 to $6.76 million in 2015.
On March 5, 2016, comScore's Audit Committee advised the Company's Board of Directors that it did not expect to finalize its review of the Company's financial reports before March 15, 2016, and the Company cannot publish its annual report on time. Additionally, on March 5, 2016, comScore's Board of Directors decided to suspend the company's previously announced share repurchase program.
Shares of COMSCORE, Inc. (NASDAQ:SCOR) declined on March 7, 2016, to as low as $26.21 per share.
On April 1, 2016, NASDAQ:SCOR shares closed at $30.58 per share.
Those who purchased shares of ComScore, Inc. (NASDAQ:SCOR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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