If you purchased Comscore common stock (SCOR) from February 20, 2014 through March 23, 2018, inclusive, and suffered losses, you may be eligible for a Distribution Payment from the Comscore Fair Fund.
Company Name |
Trading Symbol(s) |
Relevant Period |
Comscore, Inc. |
SCOR |
2/20/14 through 3/23/18 |
In addition to reviewing the information on this website, you should review the Plan Notice to Preliminary Claimants and the Plan of Distribution approved by the Court, both of which you can find on the “Important Documents” tab on this website.
You should visit this website often to get the most up-to-date information on the Fair Fund.
Overview
On September 24, 2019, the Commission issued separate, but related orders (the “Orders”) instituting and simultaneously settling cease-and-desist proceedings against the Respondents. In the Orders, the Commission found that, from February 2014 through February 2018, at the direction and oversight of its former Chief Executive Officer, Matta, Comscore’s public filings materially overstated revenue by approximately $43 million as result of a fraudulent scheme and improper accounting involving the manipulation of non-monetary and monetary contracts. Comscore’s and Matta’s actions enabled the company to artificially exceed its analysts’ consensus revenue targets in seven consecutive quarters. In addition, from April 2014 through February 2016, Comscore and Matta made false and misleading statements about two important performance metrics. As a result of the conduct described its Orders, the Commission found that Comscore and Matta violated the federal securities laws. In their respective Orders, the Commission ordered Comscore and Matta, to pay $5,000,000 and $700,000 in civil money penalties, respectively, to the Commission.
In each of the Orders, the Commission created a fair fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalties collected can be distributed to harmed investors. On April 27, 2023, the Commission issued an Order Consolidating Fair Funds to consolidate the two fair funds into a single fair fund (the “Comscore Fair Fund” or “Fair Fund”). The Respondents have paid in full, and the $5,700,000 paid by Respondents has been combined and comprises the Fair Fund.
On December 27, 2023, the Commission appointed JND Legal Administration as the fund administrator for the Fair Fund (the “Fund Administrator”). The Fund Administrator is responsible for administering the Fair Fund in accordance with the Plan.
How do I obtain more information?
Detailed information about the Fair Fund is contained in the Plan Notice to Preliminary Claimants, a copy of which can be found on the "Important Documents" tab in the menu at the top of this webpage. Additional information can also be obtained by contacting the Fund Administrator using the "Contact Us" page of this website, calling toll-free 1-877-231-0640, emailing info@ComscoreFairFund.com, or mailing a letter to:
Comscore Fair Fund
c/o JND Legal Administration
P.O. Box 91203
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.