GPM Announces the Filing of a Securities Class Action on Behalf of ServiceSource International, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray, LLP (“GPM”) announces that a class action lawsuit has been filed against ServiceSource International, Inc. (“ServiceSource” or the “Company”) (NASDAQ: SREV) on behalf of investors who purchased the Company’s shares between January 22, 2014 and May 1, 2014 inclusive (the “Class Period”).

ServiceSource provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The complaint alleges that defendants made allegedly false and misleading statements regarding the Company's business, operations, and management which caused the stock price to inflate, allowing certain insiders to sell their ServiceSource stock at artificially-inflated prices; and, in addition whether Mike Smerklo, President and CEO of ServiceSource, obtained millions of dollars in cash bonuses and other perks as a result of the alleged fraud. The complaint further alleges that ServiceSource investors have been damaged by the defendants’ alleged fraud as a result of a sharp decline in the Company’s share price.

If you purchased shares of ServiceSource during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006247/en/

Glancy Prongay & Murray, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray, LLP

You May Also Be Interested In

• Form 8.5 (EPT/RI) - Accrol Group Holdings Plc
• DFDS APPOINTS KAREN DYRSKJØT BOESEN AS NEW CFO
• 2023 annual results of the Groupama Group