NEW YORK, Oct. 3, 2008 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the November 7, 2008 lead plaintiff deadline in the class action lawsuit on behalf of all purchasers of Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq:SNCR) common stock during the period from February 4, 2008 through June 9, 2008 (the "Class Period").
To join the Synchronoss class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
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. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.
The complaint charges that Synchronoss and certain of its officers violated the Securities Exchange Act by issuing materially false and misleading statements about its contract to provide in-store activation of iPhones. On June 10, 2008, the Company announced that it will not participate in the on-site, retail store activations associated with the 3G iPhone and acknowledged that it had been aware of this material development since at least May 2008 when the Company had issued revised financial guidance. As a result of this adverse disclosure, the price of Synchronoss stock has dropped, damaging investors.
A class action lawsuit has already been filed on behalf of Synchronoss shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than November 7, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has extensive experience in securities litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation in securities class actions.
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More information on this and other class actions can be found on the Class Action Newsline at www.globenewswire.com/ca