OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
World game at war: why some European nations have threatened a World Cup boycott 
Japan Earthquake Disrupts Auto and Chip Supply Chains 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Holcim Raises 2026 Outlook After Strong Q2 Earnings Beat 
Tesla Weighs China Business Separation Amid SpaceX Merger Speculation 
Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
Amazon Q2 Earnings Beat Estimates as AWS AI Growth Surges, But Q3 Revenue Forecast Disappoints 
Apple Q3 Earnings Beat as Record iPhone Sales Offset Services, China Weakness 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
Nike China Strategy to Lift Margins Despite $1 Billion Sales Hit, Bernstein Says 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
NEW ORLEANS, April 20, 2018 -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until June 4, 2018 to file lead plaintiff applications in a securities class action lawsuit against Synacor, Inc. (NasdaqGM:SYNC), if they purchased the Company’s securities between May 4, 2016 and March 15, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Get Help
Synacor investors should visit us at https://www.claimsfiler.com/cases/view-synacor-inc-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Synacor and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 15, 2018, during an investor conference call to discuss Synacor’s 4Q financial results, CEO Himesh Bhise addressed difficulties with the Company’s contract with AT&T and the effect on earnings, stating “in the last three quarters of 2017, we generated approximately $25 million in revenue from AT&T…this forecast is below the $100 million annual revenue target that AT&T and Synacor announced when we first discussed the portal contract and was a critical element of Synacor’s $300 million 2019 target.”
On this news, the price of Synacor’s shares plummeted
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
