SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Synchronoss Technologies, Inc. (SNCR)
NEW YORK, April 27, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NasdaqGS: SNCR). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/sncr.
The investigation concerns whether Synchronoss and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 27, 2017, pre-market, Synchronoss revealed that both its Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick, would be stepping down and informed investors that both would "pursue other interests." Synchronoss also said that it "expects total revenue for the first quarter of 2017 to be $13 million to $14 million less than the company's previously announced guidance" and that "[o]perating margins are expected to be 8% to 10%, which are less than previously announced guidance." Following these announcements, Synchronoss stock has dropped as much as $12.10 per share, or 49.15%, during intraday trading on April 27, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Synchronoss, you can assist this investigation by visiting the firm's site: www.bgandg.com/sncr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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