SAN FRANCISCO, April 06, 2016 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, reminds comScore, Inc. (NASDAQ:SCOR) investors of the May 9, 2016 lead plaintiff deadline in the securities class action lawsuit related to alleged misstatements and failures to disclose that comScore’s accounting practices did not comply with applicable SEC regulations and its internal controls were inadequate.
If you suffered significant losses because of your purchases of comScore securities between May 5, 2015 and March 7, 2016, or have information that will help our continuing investigation contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing SCOR@hbsslaw.com or visiting https://www.hbsslaw.com/cases/SCOR. The lawsuit was filed in the U.S. District Court for the Southern District of New York and investors have until May 9, 2016 to move the court to participate as a lead plaintiff.
comScore disclosed on March 5, 2016, that its Audit Committee advised its Board of Directors that it did not expect to finalize review of potential accounting issues before March 15, 2016. The Company also disclosed that, as a result it was “not in a position to file its Form 10-K until after the Audit Committee completes its review and the Company’s independent public accountants assess the conclusions of the Audit Committee in connection with their audit of the Company’s annual financial statements included in the Form 10-K.”
In a press release issued on March 7, 2016, comScore stated that it was suspending its previously announced share repurchase program. On the announcement of this news, comScore stock fell $13.67 per share, or 33.5%, to close at $27.04 per share on March 7, 2016.
Whistleblowers: Persons with non-public information regarding comScore should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email SCOR@hbsslaw.com.
About Hagens Berman
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.