Apple iPhones service provider faces fraud class action law suit

Synchronoss Technologies, Inc is facing multiple fraud class action law suit from the law firm named, Gardy & Notis, LLP.

This class action law suit by Gardy & Notis is filed on behalf all the investors who had purchased or acquired Synchronoss Technologies, Inc. securities for a class period of February 4, 2008 to June 9, 2008.

The complaint filed by Gardy & Notis, LLP alleges that defendants failed to disclose to investors, numerous warning signs that the unlocking of Apple iPhones jeopardized Synchronoss’s iPhone contract with AT&T.

The law suit is now pending in the District Court of United States of New Jersey.

Source: https://www.marketwatch.com/

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