In Re Synchronoss Technologies, Inc. Securities Litigation

NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION (“Notice”): Please be advised that the Court-appointed Lead Plaintiff Employees’ Retirement System of the State of Hawaii and Defendants Synchronoss Technologies, Inc. (“SNCR”) and Karen L. Rosenberger (“Defendants”) and the proposed $19,000,000 settlement reached therein and detailed in the parties’ Stipulation of Settlement dated August 19, 2021 (the “Settlement”) that, if approved, will resolve all claims in the Litigation.

The Settlement Class is comprised of all persons or entities who, directly or through an intermediary, purchased or otherwise acquired Synchronoss common stock at any time during the period of October 28, 2014, through June 13, 2017, inclusive.

Please read the Notice to fully understand your rights and options.

If you are a member of the Settlement Class, in order to be potentially eligible to receive payment from the Settlement, you must submit a Proof of Claim Form (“Claim Form”) postmarked, or electronically filed no later than January 6, 2022.

Payments to eligible claimants will be made only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

The Frequently Asked Questions (FAQs) page of this website has more information on your rights as a Member of the Settlement Classes in this Action.

Your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on any claim you might have. Therefore, you should read the Notice carefully.

Your Legal Rights and Options in this Settlement

Submit a Proof of Claim	The only way to be eligible to receive a payment from the Settlement. Proof of Claim forms must be postmarked or submitted online on or before January 6, 2022.
Exclude Yourself	Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement. Should you elect to exclude yourself from the Class you should understand that Defendants will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose. Exclusions must be postmarked on or before November 17, 2021.
Object	Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and expenses. You will still be a Settlement Class Member. Objections must be received by the Court and counsel on or before November 17, 2021. If you submit a written objection, you may (but do not have to) attend the hearing.
Go to the Hearing on December 8, 2021	Ask to speak in Court about the fairness of the Settlement. Requests to speak must be received by the Court and counsel on or before November 17, 2021.
Do Nothing	Receive no payment. You will, however, still be a Settlement Class Member, which means that you give up your right to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Action.