Barrack, Rodos & Bacine Announces Shareholder Class Action Lawsuit Against comScore, Inc. – SCOR
March 23 2016 - 10:05AM
Barrack, Rodos & Bacine announces that a securities class
action lawsuit has been filed on behalf of investors who purchased
or otherwise acquired stock of comScore, Inc. (NASDAQ:SCOR)
(“comScore” or the “Company”) between and including May 5, 2015 and
March 7, 2016 (the “Class Period”). This includes
shareholders of Rentrak Corp. (NASDAQ:RENT) (“Rentrak”) who
received shares of comScore stock in connection with the
acquisition of Rentrak by comScore that was completed on February
1, 2016.
comScore shareholders who purchased or otherwise
acquired their securities during the Class Period
may, no later than May 9, 2016, petition the
Court to be appointed as a lead plaintiff representative of the
class.
Holders of Rentrak stock who acquired comScore
stock in the February 1, 2016 merger, or investors who purchased
comScore stock on the open market during the Class Period, and who
suffered losses of $100,000 or more, are encouraged to contact Jeff
Golan or Sam Ward of Barrack Rodos & Bacine, at the following
toll-free number: 877-386-3304, or via e-mail to jgolan@barrack.com
or sward@barrack.com.
On March 7, 2016, before the market opened,
comScore – which provides data, metrics, products, and services to
clients in the media, advertising, and marketing industries –
announced that it is delaying the filing of its annual report,
postponing its Investor Day meeting and suspending its share
repurchase program. The Company reported that its Audit
Committee is investigating “a message [it received] regarding
certain accounting matters.”
On February 1, 2016, when comScore acquired
Rentrak, comScore stock was trading at $39 per share. After
comScore’s announcement of the Audit Committee investigation, the
Company’s stock price fell by $13.67, losing more than
one-third of its value, to close on March 7, 2016 at
$27.04. The stock was also downgraded from outperform to
neutral by Macquarie Research.
Philadelphia-based Barrack Rodos & Bacine
has more than three decades of experience prosecuting securities
law class actions, including cases involving accounting fraud, and
has achieved some of the largest recoveries in the history of such
litigation. The Firm also has extensive experience
representing investors who received stock of another company in a
merger, and suffered losses when it was later disclosed that
accounting misstatements had been made.
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