May 03, 2021
A New Jersey federal judge for the second time tossed a derivative lawsuit alleging Synchronoss Technologies Inc. shareholders were misled about the value of a divestiture, ruling that the suing investor failed to prove it would have been futile to ask the board members to stop the alleged wrongdoing before resorting to litigation.
June 12, 2020
A New Jersey federal judge on Friday tossed a derivative lawsuit brought by Synchronoss Technologies Inc. shareholders alleging the company's board members misrepresented the value of a divestiture, reasoning the regulatory filings at issue were only signed by chief executive officers and not by all of the company's directors.