Investigation for Long-Term Investors in Shares of ComScore, Inc. (NASDAQ:SCOR) Announced
An investigation on behalf of current investors in NASDAQ:SCOR shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:SCOR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 08/23/2016 --An investigation for long-term investors in shares of ComScore, Inc. concerning potential breaches of fiduciary duties by certain directors of ComScore, Inc. was announced.
Investors who are current long term investors in ComScore, Inc. (NASDAQ:SCOR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for investors in NASDAQ:SCOR stocks follows a lawsuit filed recently against ComScore, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:SCOR stocks, concerns whether certain ComScore directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that 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.
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.
On August 22, 2016, NASDAQ:SCOR shares closed at $26.90 per share.
Those who purchased shares of ComScore, Inc. 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/716943