NEW YORK, April 24, 2018 -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Synacor, Inc. (NASDAQ:SYNC) who purchased shares between May 4, 2016 and March 15, 2018. The action, which was filed in the USDC for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that (i) Synacor was unlikely to receive significant revenues from its contract with AT&T until 2018; (ii) as such, the Company's revenue forecasts issued during the Class Period were materially false and misleading; and (iii) as a result of the foregoing, Synacor shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
Shareholders have until June 4, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/synacor-inc?wire=3.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com


Novartis’ Vanrafia Shows Strong Phase 3 Results in IgA Nephropathy, Paving Way for Full Approval
Senators Urge CFIUS Review of UAE Investment in Trump-Linked Crypto Firm World Liberty Financial
OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents
U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports
Sachem Head Boosts Warner Bros. Discovery Stake Amid Netflix Deal and Paramount Bid
Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks
Macquarie-Led Consortium to Acquire Qube Holdings in A$11.7 Billion Deal
How Marco Pharma International Preserves German Homeopathic Traditions in America
More U.S. Investors Join Arbitration Against South Korea Over Coupang Dispute
Westpac (ASX: WBC) Q1 Profit Rises 6% as Lending Growth and Treasury Income Strengthen Earnings
Bain Capital Secures RBI Approval to Acquire Up to 41.7% Stake in Manappuram Finance
Disney Issues Cease-and-Desist to ByteDance Over Alleged AI Copyright Infringement
Xiaomi EV Deliveries Surpass 600,000 Units as SU7 and YU7 Drive Strong Growth
Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy
Treasury Wine Estates Profit Falls 46% as China and U.S. Inventory Reset Weighs on Earnings
Warner Bros. Discovery Weighs Renewed Sale Talks With Paramount Skydance Amid Netflix Deal Review
Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development 



