Robbins Arroyo LLP Is Investigating the Officers and Directors of comScore, Inc. (SCOR) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of comScore, Inc. (NASDAQGS: SCOR) violated federal securities laws by issuing materially misleading business information to the investing public. comScore provides digital media analytics products and services for content publishers, advertisers, advertising agencies, and network operators primarily in the United States, Canada, Europe, Latin America, and Asia.
comScore Stock Declines After Announcing Possible Accounting Concerns
On March 7, 2016, comScore announced that it is delaying the filing of its annual report due to its receipt of a message regarding “certain potential accounting matters” on February 19, 2016, two days after the company released its fourth quarter and full-year financial results. The company’s audit committee stated that it does not expect to complete its internal review of these matters by March 15, 2016, the end of the 15-day extension to file its 2015 financial report with the U.S. Securities and Exchange Commission. Further, comScore postponed its March 16 Investor Day and suspended its $125 million stock buyback program “out of an abundance of caution” until the review is completed and its 2015 financial report is filed. On this news, comScore shares fell by $13.67 per share, or over 33%, to close at $27.04 per share on March 7, 2016.
comScore Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.