Press release
Investigation announced for Investors in shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) over possible Violations of Securities Laws
An investigation for investors in SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) shares over potential securities laws violations
Investors who purchased shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by SS&C Technologies Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Windsor, CT based SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. SS&C Technologies Holdings, Inc. reported that its annual Total Revenue rose from over $3.42 billion in 2018 to over $4.63 billion in 2019, and that its Net Income increased from $103.2 million in 2018 to $438.5 million in 2019.
On June 9, 2020, the investment management technology firm Arcesium LLC ("Arcesium") sued SS&C Technologies Holdings, Inc in New York federal court, alleging breach of contract and violation of antitrust laws in connection with that SS&C Technologies Holdings, Inc and its subsidiary Advent Software Inc.'s ("Advent") termination of an agreement with Arcesium to sell Advent's Geneva accounting software. As reported, Arcesium's suit claims that "Advent attempted to 'to prevent and destroy competition in this industry' . . . with Advent's CEO purportedly stating publicly that the company's goal was to 'take over the world' and be 'the world's dominant platform.'"
Shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) declined from $62.18 per share on June 5, 2020, to as low as $55.48 per share on June 11, 2020.
Those who purchased shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) have certain options and should contact the Shareholders Foundation.
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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