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 Results of Internal Investigation
On November 23, 2016, comScore announced the resignations of the chairman of the company’s board and the chair of the board’s Nominating and Governance Committee. comScore also revealed the results of an internal investigation related to the company’s revenue recognition practices and internal controls, among other things, stating that “the Company cannot support the prior accounting for the nonmonetary transactions recorded by the Company during the years ended December 31, 2013, 2014 and 2015, and accordingly, revenue and expenses associated with all nonmonetary transactions during these periods is being reversed and accounted for at historical cost rather than at fair value.” On this news, comScore’s stock fell $1.55 per share, or over 5%, to close at $28.94 per share on November 25, 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.
Send This Post