NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Synchronoss Technologies, Inc. ("Synchronoss" or "the Company") (Nasdaq:SNCR) common stock during the period between February 4, 2008 - June 9, 2008 (the "Class Period") for violations of federal securities laws.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased or acquired Synchronoss securities during the Class Period, you may move the Court no later than November 7, 2008, and request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The complaint charges Synchronoss and certain of its officers and directors with violations under the Securities Exchange Act of 1934. During the class period, the complaint alleges that defendants made fraudulent material misrepresentations and omissions regarding Synchronoss' business and operations. Specifically, Synchronoss materially misrepresented the Company's financial condition and future prospects to the Company's shareholders and the investing public.