BOSTON, April 27, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces that it is investigating Synchronos Technologies, Inc. ("Synchronos" or the "Company") (NASDAQ: SNCR) and certain of its officers and directors concerning possible violations of the federal securities laws.
On April 27, 2017, Synchronos 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.
On this news, the Company's shares have fallen more than 50%, causing hundreds of millions in losses to investors.
If you purchased or otherwise acquired Synchronos (SNCR) securities and have questions about your legal rights, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at firstname.lastname@example.org, or by visiting www.blockesq.com/sncr.
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.
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Block & Leviton LLP
Bradley J. Vettraino
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