An investigation on behalf of current long term investors in Synacor, Inc. (NASDAQ: SYNC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/06/2018 -- Certain directors of Synacor, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Synacor, Inc. (NASDAQ: SYNC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: SYNC stocks follows a lawsuit filed against Synacor, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SYNC stocks, concerns whether certain Synacor officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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