Company: comScore, Inc.
Class Period: November 8, 2018 — March 29, 2019
Court: U.S.D.C. – Southern District of New York
Deadline: June 10, 2019
A shareholder class action complaint has been filed against comScore, Inc. (“comScore”) on behalf of investors who purchased shares of the Company’s stock between November 8, 2018 and March 29, 2019 (the “Class Period”).
According to the complaint, on March 31, 2019, comScore announced the resignations of its Chief Executive Officer and President – both of whom had been appointed to their positions less than one year earlier. The Company also disclosed that it expected first quarter 2019 revenue to be between $100 million and $104 million – falling short of analysts’ estimates of approximately $106 million in revenue. Following this news, shares of the Company’s stock fell $6.01 per share, or nearly 30% in value, to close on April 1, 2019 at $14.24 per share.
The complaint alleges that the defendants made false and misleading statements and/or failed to disclose material adverse information to investors during the Class Period concerning the Company’s business, operations and prospects. Specifically, the defendants failed to disclose or indicate: (i) that the Company was experiencing difficulties implementing its business strategy; and (ii) that, as a result, the Company’s financial results would be materially impacted.
IMPORTANT DEADLINE: comScore investors may, no later than June 10, 2019, seek to be appointed as a lead plaintiff representative of the class.
For additional information about this action, or to discuss your legal rights and options with respect to this action, please contact Kaskela Law LLC at (888) 715 – 1740 or complete the information form on this page.