SYNCHRONOSS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC INVESTIGATES SYNCHRONOSS TECHNOLOGIES, INC. FOR POSSIBLE SECURITIES FRAUD - SNCR
NEW ORLEANS, LA / ACCESSWIRE / April 27, 2017 / Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Synchronoss Technologies, Inc. (NASDAQ GS: SNCR).
On April 27, 2017, Synchronoss revealed that both its Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick were leaving the company for the stated reason "to pursue other interests." Synchronoss further announced an expected $13 million to $14 million reduction in total revenue for the first quarter and predicted operating margins to come in 8% to 10% below its guidance.
On this news, the price of Synchronoss' shares plummeted.
KSF's investigation is focusing on whether Synchronoss and/or its officers and directors violated state or federal securities laws.
If you are a Synchronoss shareholder and have suffered losses, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org).
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE: Kahn Swick & Foti, LLC