An investigation for investors in NASDAQ:SCOR shares concerning potential breaches of fiduciary duties by certain directors of ComScore, Inc. was announced.
Investors who are current long term investors in ComScore, Inc. (NASDAQ:SCOR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NASDAQ:SCOR stocks follows a lawsuit filed recently against ComScore, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:SCOR stocks, concerns whether certain ComScore directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or 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.
Shares of COMSCORE, Inc. (NASDAQ:SCOR) declined on March 7, 2016, to as low as $26.21 per share.
On August 29, 2016, NASDAQ:SCOR shares closed at $29.96 per share.
Those who purchased NASDAQ:SCOR shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com