Synacor, Inc. (Nasdaq: SYNC), a leading provider of cloud-based Collaboration and Identity Management software and services serving global enterprises, video, internet and communications providers, and governments, today announced the dismissal of the 2018 federal securities class action lawsuit filed against the company in the U.S. District Court for the Southern District of New York. This lawsuit, Lefkowitz, et al v. Synacor, Inc., et al, No. 19-4232 (S.D.N.Y.), was initially dismissed by the district court on August 28, 2019, and subsequently appealed by the plaintiffs. On October 22, 2020, the United States Court of Appeals for the Second Circuit affirmed the decision of the lower court dismissing the lawsuit. The final mandate dismissing the litigation was issued by the appellate court on November 12, 2020, thereby ending the case.
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