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THIEFFRY v. WALDIS et al
Case Number:
3:17-cv-07173
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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May 03, 2021
Synchronoss Beats Revised Shareholder Suit Over Unit Sale
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.
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June 12, 2020
Synchronoss Tech Escapes Shareholder Action Over Unit Sale
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.