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Bernstein Liebhard LLP Reminds Investors of Class Action Deadlines in ComScore, Inc., Care.com, Inc., Apple, Inc., and Sprint, Inc.

NEW YORK, May 01, 2019 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announced today that there are important deadlines in several class action lawsuits listed below.  Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery does not require that you serve as lead plaintiff.  If you choose to take no action, you may remain an absent class member. Further details about the cases can be found at the links provided.

COMSCORE, INC. (NASDAQ: SCOR)

Class Period: November 8, 2018 and March 29, 2019

Lead Plaintiff Deadline: June 10, 2019

Join the action: https://www.bernlieb.com/cases/comscore-inc-37/

The lawsuit alleges that Defendants failed to disclose that issues with the implementation of ComScore’s business strategies would materially impact ComScore’s financial results.  On March 31, 2019, ComScore announced that its Chief Executive Officer Bryan Wiener and President Sarah Hofstetter would be resigning from their positions – after having joined the company less than one year ago.  ComScore also announced that its revenues would be below analysts’ projections.  After these disclosures, ComScore’s stock dropped by 28%.

To learn more about the ComScore class action, contact Joe Seidman at seidman@bernlieb.com or 877.779.1414.

CARE.COM (NYSE: CRCM)

Class Period: March 27, 2015 and April 1, 2019

Lead Plaintiff Deadline: June 3, 2019

Join the action: https://www.bernlieb.com/cases/care-crcm-lawsuit-class-action-fraud-stock-123/

The lawsuit alleges that Defendants misleadingly touted the company’s “proactive” screening procedures.  On March 8, 2019, a Wall Street Journal article revealed Care.com’s ineffective screening procedures.  Care.com’s stock dropped 13% after these revelations.  On March 31, 2019, a follow-up Wall Street Journal article stated that “hundreds of day-care centers” listed as “state licensed” on the Care.com website did not appear to be, and that tens of thousands of unverified day-care center listings were scrubbed from the Care.com website just before the March 8, 2019 Wall Street Journal article was published.  Care.com’s stock dropped another 7% after these disclosures.

To learn more about the Care.com class action, contact Joe Seidman at seidman@bernlieb.com or 877.779.1414.

SPRINT, INC. (NYSE:S)

Class Period: January 31, 2019 and April 16, 2019

Lead Plaintiff Deadline: June 21, 2019

Join the action: https://www.bernlieb.com/cases/sprint-s-lawsuit-class-action-fraud-stock-128/

The lawsuit alleges that Defendants made misleading statements regarding the number of Sprint’s net postpaid subscriber additions.  Specifically, Defendants stated that Sprint had made 309,000 total postpaid net additions for the period ending December 31, 2018, but failed to disclose that these increases were driven by free lines offered to Sprint customers.  On April 15, 2019, Sprint filed a letter with the Federal Communications Commission revealing that the company’s postpaid net additions had recently been driven by ‘free lines’ offered to Sprint customers and the inclusion of less valuable tablet and other non-phone devices.  Then, on April 17, 2019, The Wall Street Journal published an article stating that Sprint “has touted adding new wireless connections for six straight quarters[, but] many of those gains were free lines or existing customers that switched services.”  On this news, Sprint’s stock price fell over 6%.

To learn more about the Sprint class action, contact Joe Seidman at seidman@bernlieb.com or 877.779.1414.

APPLE, INC. (NASDAQ: AAPL)

Class Period: November 2, 2018 and January 2, 2019

Lead Plaintiff Deadline: June 17, 2019

Join the action: https://www.bernlieb.com/cases/apple-aapl-class-action-lawsuit-fraud-stock-127/

The lawsuit alleges that Defendants failed to disclose that: (a) the U.S.-China trade war had negatively impacted demand for iPhones and Apple’s pricing power in greater China; (b) due to Apple discounting the cost of replacement batteries to make up for the company’s prior conduct of intentionally degrading the performance of the batteries in older iPhones, the rate at which Apple customers were replacing their batteries in older iPhones, rather than purchasing new iPhones, was negatively impacting Apple’s iPhone sales growth; (c) as a result of slowing demand, Apple had slashed production orders from suppliers for the new 2018 iPhone models and cut prices to reduce inventory; and (d) Defendants’ decision to withhold unit sales for iPhones and other hardware, which was a metric relevant to investors and their view of the company’s financial performance, was designed to and would mask declines in unit sales of the iPhone.  On January 2, 2019, Apple disclosed that first quarter fiscal 2019 revenues would be $84 billion – approximately $5 billion below the low-end of the forecasted range that the company had announced just eight weeks earlier on November 1, 2018, due to falling iPhone sales in China.  On this news, the price of Apple common stock fell more than 9%.

To learn more about the Apple class action, contact Joe Seidman at seidman@bernlieb.com or 877.779.1414.

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