TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

comScore, Inc. (NASDAQ: SCOR) Investor Securities Class Action Lawsuit 04/10/2019

  • If you purchased shares of comScore, Inc. (NASDAQ: SCOR) you may have certain options. Please contact the Shareholders Foundation, Inc.

  • 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

Case Dismissed
Company
ComScore, Inc.
Security
NASDAQ: SCOR

Case Name
ComScore Shareholder Class Action Lawsuit 04/10/2019
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to ComScore, Inc..
Summary

July 22, 2020 - The case was dismissed.

June 24, 2020 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint. An amended complaint was not filed.

November 25, 2019 - A motion to dismiss the amended complaint was filed.

September 30, 2019 - An amended complaint was filed.

April 10, 2019 - 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 November 8, 2018 and March 29, 2019.

Reston, VA based comScore, Inc. operates as an information and analytics company that measures audiences, consumer behavior, and advertising across media platforms worldwide. comScore, Inc. reported that its annual Total Revenue rose from $403.54 million in 2017 to $419.48 million in 2018 and that its Net Loss declined from $281.39 million in 2017 to $159.26 million in 2018.

On March 31, 2019, comScore, Inc. 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. comScore, Inc. also stated that it expects first quarter 2019 revenue to be between $100 million and $104 million, while analysts had estimated approximately $106 million in revenue.

Shares of comScore, Inc.(NASDAQ: SCOR) declined from $23.52 per share on March 5, 2019 to as low as $13.07 per share on April 10, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of comScore, Inc. (NASDAQ: SCOR) common shares between November 8, 2018 and March 29, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between November 8, 2018 and March 29, 2019, the Defendants failed to disclose to investors that the Company was experiencing difficulties implementing its business strategy, that, as a result, the Company’s financial results would be materially impacted, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.