BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24SCOR&src=ctag" target="_blank"gt;$SCORlt;/agt; lt;a href="https://twitter.com/hashtag/classaction?src=hash" target="_blank"gt;#classactionlt;/agt;–Law Offices of Howard G. Smith reminds investors of the upcoming June
10, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased comScore Inc.
(“comScore” or the “Company”) (NASDAQ: SCOR)
securities between November 8, 2018 and March 29, 2019, inclusive
(the “Class Period”).
Investors suffering losses on their comScore Inc. investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to [email protected].
On March 31, 2019, the Company announced the resignations of its Chief
Executive Officer, Bryan Wiener, and President, Sarah Hofstetter, both
of whom had been appointed to their positions less than one year ago.
The Company also stated that it expects first quarter 2019 revenue to be
between $100 million and $104 million, but analysts had estimated
approximately $106 million in revenue.
On this news, the Company’s share price fell $6.01 per share, or nearly
30%, to close at $14.24 per share on April 1, 2019, thereby injuring
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company was
experiencing difficulties implementing its business strategy; (2) that,
as a result, the Company’s financial results would be materially
impacted; and (3) that, as a result of the foregoing, Defendants’
positive statements about the Company’s business, operations, and
prospects were materially misleading and/or lacked a reasonable basis.
If you purchased shares of comScore Inc. during the Class Period you may
move the Court no later than June 10, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.