A Shareholder Class Action Was Filed Against Synchronoss Technologies Inc.

A Shareholder Class Action Was Filed Against Synchronoss Technologies, Inc, on behalf of all purchasers of securities of Synchronoss Technologies from February 4, 2008 through June 9, 2008.  The Complaint charges Synchronoss and certain of its officers and directors with violations of the Securities Exchange Act of 1934.  Synchronoss is a provider of on-demand transaction management software to Tier One communications service providers.  The Company provides software that allows consumers to activate cellular phones on wireless networks.  The Class Action complaint that was filed alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to the company or recklessly disregarded by them:  that the Company’s software would no longer be used to activate new iPhones after July 11, 2008; (2) that the foregoing was the true reason that the Company had reduced its revenue outlook in May 2008; (3) that the Company lacked adequate internal and financial controls; and (4) that, as a result of the foregoing, the Company’s statements about its financial well-being and future business prospects were lacking in any reasonable basis when made.  The Class Action is seeking to recover damages on behalf of class members.  For more information about the Synchronoss class action, please contact Scott Levensten.