A class action has been filed in the United States District Court for the District of New Jersey on behalf of all persons and entities that purchased or otherwise acquired securities issued by Synchronoss Technologies, Inc. (Nasdaq: SNCR) from February 4, 2008 through June 9, 2008, inclusive, (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). The complaint alleges that during the Class Period, defendants made fraudulent material misrepresentations and omissions regarding Synchronoss's business and operations. Specifically, Synchronoss materially misrepresented the Company's financial condition and future prospects to the Company's shareholders and the investing public.

Synchronoss provides technology to AT&T, Inc. ("AT&T") that allows AT&T, as the exclusive United States service provider of the Apple iPhone, to "lock" Apple iPhones distributed to AT&T's wireless phone customers. The complaint alleges that during the Class Period, Defendants failed to disclose to investors numerous warning signs that the unlocking of iPhones jeopardized Synchronoss's iPhone contract with AT&T.

While Apple iPhones were extensively being unlocked for use with other wireless carriers, Synchronoss continued to maintain that its future prospects for growth were positive. However, on June 9, 2008, AT&T announced Synchronoss would not be activating the iPhone 3G, which was released in July of 2008. Rather, the iPhone 3G is activated in-store, effectively removing Synchronoss from the transaction altogether. On this news, Synchronoss stock fell from $13.31 to $11.03, a 17.1% decline.

If you are a current shareholder or purchased shares between February 4, 2008 through June 9, 2008 and would like to discuss your options of exercising your rights as a shareholder, please contact us.