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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of May 29, 2018 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
January 29, 2018 - The court preliminarily approved the settlement.
January 12, 2018 - A stipulation of settlement was filed by the parties.
July 28, 2017 - The court denied defendants' motions to dismiss.
March 13, 2017 - A motion to dismiss the second amended consolidated complaint was filed.
January 13, 2017 - A second amended consolidated complaint was filed.
December 9, 2016 - A motion to dismiss the amended consolidated complaint was filed.
October 19, 2016 - An amended consolidated complaint was filed.
March 10, 2016 - An investor in shares of ComScore Inc (NASDAQ: SCOR) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ComScore Inc in connection with certain allegedly false and misleading statements made between May 5, 2015 and March 7, 2016.
According to the complaint the plaintiff alleges on behalf of purchasers of ComScore Inc (NASDAQ: SCOR) common shares between May 5, 2015 and March 7, 2016, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between May 5, 2015 and March 7, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that the Company’s accounting practices were not in compliance with applicable SEC regulations, that the Company lacked adequate internal controls over accounting, that, as such, the Company would be unable to file its Form 10-K for the fiscal year ended December 31, 2015 in a timely manner, and that, as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about ComScore Inc’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. ComScore Inc reported that its annual Total Revenue rose from $329.15 million in 2014 to $368.82 million in 2015 and that its Net Loss declined from $9.90 per share in 2014 to $6.76 million in 2015.
On March 5, 2016, ComScore Inc’s Audit Committee advised the Company’s Board of Directors that it did not expect to finalize its review of the Company’s financial reports before March 15, 2016, and the Company cannot publish its annual report on time. Additionally, on March 5, 2016, ComScore Inc’s Board of Directors decided to suspend the company’s previously announced share repurchase program.
Shares of ComScore Inc (NASDAQ: SCOR) declined on March 7, 2016, to as low as $26.21 per share. On March 10, 2016, NASDAQ: SCOR shares closed at $27.22 per share.