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Oklahoma City, OK (April 13, 2019) – On April 10, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against comScore, Inc. (NASDAQ: SCOR). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is November 8, 2018 through March 29, 2019. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) comScore was experiencing difficulties implementing its business strategy; (2) comScore’s financial results would be materially impacted; and (3) as a result of the foregoing, defendants’ positive statements about comScore’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On March 31, 2019, the Company 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. The Company also stated that it expects first quarter 2019 revenue to be between $100 million and $104 million, but analysts had estimated approximately $106 million in revenue. On this news, the Company’s share price fell $6.01 per share, or nearly 30%, to close at $14.24 per share on April 1, 2019.
Plaintiff seeks to recover damages on behalf of all comScore, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, June 10, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: Robin Hester at firstname.lastname@example.org