San Diego, CA -- (ReleaseWire) -- 07/22/2014 -- An investor, who purchased shares of Neustar Inc (NYSE:NSR), filed a lawsuit in the U.S. District Court for the Eastern District of Virginia over alleged violations of Federal Securities Laws by Neustar Inc in connection with certain allegedly false and misleading statements made between April 19, 2013 and June 6, 2014.
Investors who purchased shares Neustar Inc (NYSE:NSR) have certain options and for certain investors are short and strict deadlines running. Deadline: September 15, 2014. NYSE:NSR investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Neustar Inc (NYSE:NSR) common shares between April 19, 2013 and June 6, 2014, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between April 19, 2013 and June 6, 2014, Neustar Inc allegedly misrepresented and concealed its ability to maintain a critical series of contracts with a telecommunications industry group known as North American Portability Management LLC and that when the truth regarding Neustar Inc’s ability to maintain the contracts was revealed, the price of Neustar Inc stock fell approximately $11 per share.
Neustar Inc reported that its annual Total Revenue rose from $831.39 million in 2012 to $902.04 million in 2013 and that its respective Net Income increased from $156.09 million to $162.75 million.
Shares of Neustar Inc (NYSE:NSR) grew from $30.40 per share in June 2012 to as high as $56.51 per share in August 2013.
Since then NYSE:NSR shares lost substantial value. In fact NYSE:NSR shares declined from over $56 per share in August 2013 to as low as $24.14 per share in June 2014.
On July 15, 2014, NYSE:NSR shares closed at $26.89 per share.
Those who purchased shares of Neustar Inc (NYSE:NSR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego