NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of comScore, Inc. ("comScore" or the "Company") (NASDAQ: SCOR). Such investors are advised to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/scor.
The investigation concerns whether comScore and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 23, 2016, post-market, comScore announced the resignations of the Chairman of the Company's Board and the Chair of the Board's Nominating and Governance Committee on November 17, 2016. comScore also released the results of its internal investigation regarding "matters related to the Company's revenue recognition practices, disclosures, internal controls, corporate culture, and certain employment practices." comScore's Audit Committee, together with outside counsel and forensic accountants, decided that "the Company cannot support the prior accounting for the nonmonetary transactions recorded by the Company during the years ended December 31, 2013, 2014 and 2015, and accordingly, revenue and expenses associated with all nonmonetary transactions during these periods is being reversed and accounted for at historical cost rather than at fair value." The Audit Committee also said revealed concerns about its internal controls. comScore told shareholders that "there may be additional accounting adjustments and such adjustments may be material." Following this news, comScore stock dropped $1.55 per share, or 5.11%, to close at $28.94 on November 25, 2016.
If you are aware of any facts relating to this investigation, or purchased comScore shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/scor. 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.