BOSTON, May 2, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces the filing of a class action lawsuit Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR) and certain of its officers and directors, and encourages shareholders to contact the firm.
If you purchased or otherwise acquired Synchronoss (SNCR) securities and have questions about your legal rights, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at email@example.com, or by visiting www.blockesq.com/sncr.
On April 27, 2017, Synchronoss abruptly announced the resignation of its CEO Ronald Hovsepian and CFO John Frederick. The Company also slashed its revenue guidance by $13 to $14 million and its operating margins by up to 10% for the first quarter of 2017. This news caused shares to plummet more than 50%, causing significant losses to investors.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
This notice may constitute attorney advertising.
Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/block--leviton-announces-the-filing-of-a-class-action-lawsuit-against-synchronoss-technologies-inc-and-encourages-shareholders-to-contact-the-firm-300449588.html
SOURCE Block & Leviton LLP