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8-K - LIVE FILING - SYNCHRONOSS TECHNOLOGIES INC | htm_37089.htm |
750 Route 202 South, Suite 600, Bridgewater, NJ 08807
Synchronoss Technologies Motion to Dismiss
Granted in Securities Class Action
PRESS RELEASE:
BRIDGEWATER, NJ April 9, 2010 Synchronoss Technologies, Inc. (NASDAQ: SNCR), the leading global provider of on-demand transaction management software platforms, today announced that the U.S. District Court for the District of New Jersey has granted Synchronoss motion to dismiss the purported consolidated securities class action complaint filed against Synchronoss and certain of its officers. The lawsuit had alleged violations of the Securities Exchange Act of 1934 primarily based on statements concerning the Companys financial and business prospects. In its Order dated April 7, 2010, the Court dismissed, without prejudice, all claims against all defendants.
Unfortunately, many public companies are too often faced with lawsuits that have no factual or legal merit, driven by certain individuals looking to profit at shareholders expense, said Stephen G. Waldis, Chief Executive Officer and President, Synchronoss Technologies, Inc.
We are gratified with the courts decision to dismiss this case at the outset, as it should never have been brought in the first place, said Jordan Hershman of Bingham McCutchen, lead counsel for Synchronoss.
About Synchronoss Technologies, Inc.
Synchronoss Technologies (NASDAQ: SNCR) is the leading global provider of on-demand transaction
management technology. Synchronoss software platforms automate subscriber activation, order
management and service provisioning for all connected-devices, across any communication service,
from any channel. The companys ConvergenceNow®, ConvergenceNow® Plus+ and InterconnectNow
technology platforms automate a wide variety of transactions across multiple delivery channels and
networks, enabling telecommunication service providers, cable operators, retailers/
e-tailers and OEMs to accelerate and monetize their go-to-market with connected-devices while
addressing back-office fragmentation, and delivering an improved customer experience at lower
costs. For the latest insight and perspective on connected devices, visit our blog at
blog.synchronoss.com and Web site at www.synchronoss.com.
The Synchronoss logo, Synchronoss, ConvergenceNow, InterConnectNow and ConvergenceNow Plus+ are trademarks of Synchronoss Technologies, Inc. All other trademarks are property of their respective owners.
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Source: Synchronoss Technologies, Inc.
Contact:
Synchronoss Technologies, Inc.
Media:
Stacie Hiras, 908-547-1260
Stacie.hiras@synchronoss.com
Investor:
Tim Dolan, 617-956-6727
investor@synchronoss.com