Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In NeuStar, Inc. (NSR) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NeuStar, Inc. (“NeuStar” or the “Company”) (NASDAQ: NSR) of the September 15, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against NeuStar and certain executives.
A complaint has been filed in the Eastern District of Virginia on behalf of all persons who purchased NeuStar common stock between April 19, 2013 and June 6, 2014, inclusive (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, NeuStar made false and/or misleading statements and/or failed to disclose its uncertainty to maintain a critical series of contracts with North American Portability Management LLC, a telecommunications industry group.
On June 9, 2014, the Company announced that a confidential email was posted in the FCC docket and made available to the public on June 6, 2014. The email indicated that the North American Numbering Council recommended that the FCC award the next local number portability administrator to iconectiv, an operating unit of Ericsson.
Following this news, the price of NeuStar stock declined by $2.24, or over 8%, to close at $24.43 on June 11, 2014.
If you invested in NeuStar stock, bonds or options between April 19, 2013 and June 6, 2014 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding NeuStar’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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