TRENTON, N.J.


,


Sept. 13, 2021


/PRNewswire/ —

UNITED STATES

DISTRICT COURT



DISTRICT OF

NEW JERSEY

SUMMARY NOTICE

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED SYNCHRONOSS COMMON STOCK BETWEEN

OCTOBER 28, 2014

AND

JUNE 13, 2017

, INCLUSIVE:

YOU ARE HEREBY NOTIFIED that, pursuant to an Order of

the United States

District Court for the District of

New Jersey

, a hearing will be held on

December 8, 2021

, at

12:00 pm

., before the Honorable Zahid N. Quraishi, United States District Judge, at the Clarkson S. Fisher Building &

United States

Courthouse, 402 East State Street,

Trenton, New Jersey

08608, to determine: (1) whether a proposed Settlement of

In re Synchronoss Technologies Inc. Securities Litigation

, Case No. 17-2978 (D.N.J.) (the “Action”) including the sum of Nineteen Million

($19,000,000.00)

in cash should be approved by the Court as fair, reasonable, and adequate, which would result in this Action being dismissed with prejudice and will prevent Settlement Class Members from ever being part of any other lawsuit against the Defendants (and parties related to them) about the legal claims being resolved by this Settlement, as set forth in the Stipulation of Settlement dated

August 19, 2021

; (2) whether, for purposes of the proposed Settlement only, the Action should be certified as a class action on behalf of the Settlement Class, Lead Plaintiff should be certified as Class Representative for the Settlement Class, and Lead Counsel should be appointed as Class Counsel for the Settlement Class; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) whether Lead Plaintiff’s Counsel should be awarded attorneys’ fees and expenses incurred in connection with this Action, together with interest thereon, and whether the Lead Plaintiff should receive an award of its costs and expenses in representing the Settlement Class.  Those matters will be addressed by the Court at the Settlement Hearing to be held on

December 8, 2021

.

If you purchased or otherwise acquired Synchronoss common stock (NASDAQ: SNCR) during the Class Period (

October 28, 2014

through

June 13, 2017

, inclusive), your rights may be affected by this Action and the Settlement thereof.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release form (“Proof of Claim”), you may obtain copies either by downloading this information at

www.SynchronossSettlement.com

or by writing to

Synchronoss Securities Settlement

c/o Epiq PO Box 5406,

Portland, OR

97228-5406.  If you are a Settlement Class Member, to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim form by mail (


postmarked no later than

January 6, 2022



), or online at

www.SynchronossSettlement.com

(


submitted no later than

January 6, 2022



), establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, such that it is


postmarked no later than

November 17, 2021



, in the manner and form explained in the detailed Notice referred to above.

If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is


postmarked no later than

November 17, 2021



, in accordance with the instructions set forth in the Notice.  If you ask to be excluded, you will not get any payment from the Settlement, and you cannot object to the Settlement.  You will not be legally bound by anything that happens in the lawsuit, and you may be able to sue the Defendants and Related Parties about the Settlement Class’s Released Claims in the future.  If you want to bring your own lawsuit based on the matters alleged in this Action, you may want to consult an attorney and discuss whether any individual claim that you may wish to pursue would be time-barred.  Any objection to any aspect of the Settlement, the Plan of Allocation, and/or Lead Counsel’s fee and expense application must be filed with the Clerk of the Court and delivered to Lead Counsel and Defendants’ Counsel, such that they are


received no later than

November 17, 2021



, in accordance with the instructions set forth in the Notice.

Requests for the Notice and Proof of Claim form should be made to the Claims Administrator:

Synchronoss Securities Settlement


c/o Epiq

PO Box 5406


Portland, OR

97728-5406

Inquiries, other than requests for the Notice and Proof of Claim form, may be made to Lead Counsel:

GRANT & EISENHOFER P.A.



Daniel L. Berger


485 Lexington Avenue


New York, New York

10017

Tel.: (646) 722-8500

Fax: (646) 722-8501

Email:

[email protected]

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED:

SEPTEMBER 13, 2021

BY ORDER OF THE COURT


UNITED STATES

DISTRICT COURT

FOR THE DISTRICT OF

NEW JERSEY

SOURCE// Grant & Eisenhofer P.A.

URL//

www.SynchronossSettlement.com

View original content:

https://www.prnewswire.com/news-releases/grant–eisenhofer-pa-announce-a-class-action-settlement-involving-purchasers-of-synchronoss-common-stock-301373028.html

SOURCE Grant & Eisenhofer P.A.