NEW YORK, April 28, 2017 /PRNewswire/ -- Tripp Levy
PLLC is investigating claims on behalf of investors of
Synchronoss Technologies, Inc. ("Synchronoss" or the "Company")
(NASDAQ: SNCR). The investigation concerns whether
Synchronoss and certain of its officers and/or directors have
engaged in securities fraud or other unlawful business
practices.
On April 27, 2017, pre-market, Synchronoss announced the
departure of both the Company's Chief Executive Officer Ronald
Hovsepian and Chief Financial Officer John Frederick, advising
investors that both would "pursue other interests." In
addition, Synchronoss disclosed that the Company "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."
On these announcements, Synchronoss's share price has fallen as
much as $12.10, or 49.15%, during intraday trading
on April 27, 2017.
If you are a current shareholder of Synchronoss and would like
additional information as to how the proposed breach of fiduciary
duties may affect your rights as a shareholder, and how you may be
eligible to potentially recover damages for your shares, please
contact us at no cost at:
Tripp Levy PLLC
New York, New
York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in shareholder actions and has assisted in the
recovery for shareholders in securities actions around the
globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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visit:http://www.prnewswire.com/news-releases/sncr-shareholder-alert-national-securities-law-firm-investigates-claims-on-behalf-of-investors-of-synchronoss-technologies-inc-300447858.html
SOURCE Tripp Levy PLLC