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According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) Synacor was unlikely to receive significant revenues from its contract with AT&T Inc. until 2018; and (2) as a result, Synacor’s revenue forecasts issued during the Class Period were materially false and misleading. When the truth was revealed to the investing public, shares dropped, causing shareholders harm.
Case has been filed