SAN DIEGO, March 16, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in New York on behalf of certain purchasers of shares of comScore, Inc. (NASDAQ:SCOR) over alleged Securities Laws Violations by comScore.
Investors who purchased shares of comScore, Inc. (NASDAQ:SCOR) have certain options and for certain investors are short and strict deadlines running. Deadline: May 9, 2016. NASDAQ:SCOR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the defendants made certain allegedly false and/or misleading statements and/or allegedly failed to disclose that the Company’s accounting practices were not in compliance with applicable SEC regulations, that the Company lacked adequate internal controls over accounting, that, as such, the Company would be unable to file its Form 10-K for the fiscal year ended December 31, 2015 in a timely manner, and that, as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about comScore’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On March 5, 2016, comScore’s Audit Committee advised the Company’s Board of Directors that it did not expect to finalize its review of the Company’s financial reports before March 15, 2016, and the Company cannot publish its annual report on time. Additionally, on March 5, 2016, comScore’s Board of Directors decided to suspend the company’s previously announced share repurchase program.
Those who purchased comScore, Inc. (NASDAQ:SCOR) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.