Comscore Fair Fund Claims Now Open for Eligible Investors
If you purchased Comscore common stock (SCOR) between February 20, 2014, and March 23, 2018, and experienced financial losses, you may be eligible for a Distribution Payment from the substantial $5.7 Million Fair Fund.
Understanding the Fair Fund
The Fair Fund was established following actions by the Commission against Comscore and its former Chief Executive Officer, Matta, due to fraudulent financial reporting. During the period mentioned, the company inflated its revenue by around $43 million through improper contract accounting methods. This type of manipulation allowed Comscore to surpass revenue targets for several consecutive quarters, leading to significant mockery within the investment community.
Comscore's Violations and Settlements
The Commission's findings confirmed that Comscore and Matta violated the federal securities laws through misleading financial statements. The penalties imposed included payments of $5 million from Comscore and $700,000 from Matta. These funds contribute to the Fair Fund established to compensate harmed investors.
Eligibility for Claim Submission
To qualify for a Distribution Payment from this Fair Fund, it is essential that you have acquired shares of Comscore common stock within the specified timeframe and have incurred losses as a result of the company's financial misreporting.
Filing Your Claim
The deadline for submitting a completed and signed Claim Form, along with all necessary documentation, is 11:59 p.m. ET on March 31, 2025. It's worth noting that only investors who faced losses are eligible to claim from the Fair Fund.
Instructions for Claim Submission
To facilitate the process, electronic claim submissions are strongly encouraged, which can be completed via the Fair Fund website. For those who prefer submitting claims by traditional mail, detailed instructions can be found in the Plan Notice available on the website.
For More Information
Additional details regarding the Fair Fund, including its distribution plan and other relevant materials, can be accessed from the Fair Fund website. It's essential to keep updated on any changes or announcements that may occur.
Frequently Asked Questions
Who is eligible to claim from the Comscore Fair Fund?
Investors who purchased Comscore common stock from February 20, 2014, to March 23, 2018, and suffered losses are eligible to file claims.
What is the deadline for submitting claims?
All claim forms must be submitted by 11:59 p.m. ET on March 31, 2025.
How can claims be submitted?
Claims can be submitted electronically through the Fair Fund website or by mail, following the instructions provided in the Plan Notice.
What is the total amount available in the Fair Fund?
The total Fair Fund amounts to $5.7 Million, which will be distributed to eligible claimants.
Where can I find more information about the Fair Fund?
Those seeking additional details can visit the Fair Fund website or contact the Fund Administrator via phone or mail for support.
