comScore, Inc. (NASDAQ: SCOR) Investor Securities Class Action Lawsuit 04/10/2019

If you purchased a significant amount of shares of comScore, Inc. (NASDAQ: SCOR) between November 8, 2018 and March 29, 2019, and / or if you purchased any NASDAQ: SCOR shares prior to November 2018 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 10, 2019. NASDAQ: SCOR investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
comScore
Case Name: 
ComScore Shareholder Class Action Lawsuit 04/10/2019
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: SCOR
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/10/2019
Class Period Begin: 
11/08/2018
Class Period End: 
03/29/2019
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
06/10/2019
Summary: 

An investor in shares of comScore, Inc. (NASDAQ: SCOR) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by comScore, Inc in connection with certain allegedly false and misleading statements made between November 8, 2018 and March 29, 2019.

Reston, VA based comScore, Inc. operates as an information and analytics company that measures audiences, consumer behavior, and advertising across media platforms worldwide. comScore, Inc. reported that its annual Total Revenue rose from $403.54 million in 2017 to $419.48 million in 2018 and that its Net Loss declined from $281.39 million in 2017 to $159.26 million in 2018.

On March 31, 2019, comScore, Inc. announced the resignations of its Chief Executive Officer, Bryan Wiener, and President, Sarah Hofstetter, both of whom had been appointed to their positions less than one year ago. comScore, Inc. also stated that it expects first quarter 2019 revenue to be between $100 million and $104 million, while analysts had estimated approximately $106 million in revenue.

Shares of comScore, Inc.(NASDAQ: SCOR) declined from $23.52 per share on March 5, 2019 to as low as $13.07 per share on April 10, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of comScore, Inc. (NASDAQ: SCOR) common shares between November 8, 2018 and March 29, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between November 8, 2018 and March 29, 2019, the Defendants failed to disclose to investors that the Company was experiencing difficulties implementing its business strategy, that, as a result, the Company’s financial results would be materially impacted, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.