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EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Synacor, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 4, 2018 – SYNC

NEW YORK, NY / ACCESSWIRE / May 4,
2018 / The following statement is being issued by Levi &
Korsinsky, LLP:

To: All persons or
entities who purchased or otherwise acquired securities of Synacor,
Inc. (“Synacor”) (NASDAQ: SYNC)
between May 4, 2016 and March 15,
2018. You are hereby
notified that a securities class action lawsuit has
been commenced in the USDC for the Southern District of New York. To get more
information go to:

http://www.zlk.com/pslra-d/synacor-inc?wire=1

or contact Joseph E. Levi, Esq. either
via email at jlevi@levikorsinsky.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.

The complaint alleges that throughout
the class period Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) Synacor was unlikely to receive
significant revenues from its contract with AT&T until 2018; (ii) as
such, the Company’s revenue forecasts issued during the Class Period were
materially false and misleading; and (iii) as a result of the foregoing, Synacor
shares traded at artificially inflated prices during the Class Period, and
class members suffered significant losses and damages.

On August 9, 2017, Synacor issued a
press release announcing that “The joint AT&T-Synacor team has
made the strategic decision to prioritize portal engagement right now over
monetization.” Synacor CEO Himesh Bhise was quoted as stating that “a
significant portion of the revenue that we were expecting in Q3 and Q4 this
year is delayed to 2018, and we are adjusting our financial guidance for 2017
accordingly.”

If you suffered a loss in
Synacor you have until June 4, 2018 to
request that the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national
firm with offices in New York, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience representing investors
in securities litigation, and have recovered hundreds of millions of dollars
for aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll-Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi
& Korsinsky, LLP

ReleaseID: 498512

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