|[July 17, 2014]
SHAREHOLDER ALERT: Investigation on Behalf of NeuStar, Inc. Investors Announced by Law Offices of Howard G. Smith
BENSALEM, Pa. --(Business Wire)--
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of NeuStar (News - Alert), Inc. ("NeuStar" or
the "Company") (NYSE:NSR). The investigation concerns possible
violations of federal securities laws and focuses on certain statements
issued by the Company between April 19, 2013 and June 6, 2014,
concerning NeuStar's business and financial prospects.
NeuStar provides communications clearinghouse services to
telecommunication companies and Internet service providers, pursuant to
private commercial and government contracts. The investigation is
related to allegations that the Company: (1) misrepresented its ability
to serve as Local Number Portability Administrtor for the U.S. and as
manager of the world's largest number portability registry, which
enables telecom carriers to route phone calls and text messages and
allows customers to transfer phone numbers among different carriers; and
(2) misrepresented the likelihood of winning new contracts with North
American Portability Management LLC (NAPM), an industry group that
represents all telecommunications service providers in the United States.
On June 6, 2014, the inadvertent disclosure of a confidential email to
the Federal Communications Commission revealed that NeuStar was not
expected to win the NAPM contracts. The email indicated that the North
American Numbering Council, which is responsible for making a
recommendation to the FCC (News - Alert) regarding who should win the NAPM contracts,
recommended that the FCC award the contract to a different Company.
Following this disclosure, the price of NeuStar stock dropped more than
8 percent, from $26.67 per share on Friday, June 6, 2014, to close at
$24.43 per share on Monday June 9, 2014.
If you purchased NeuStar shares between April 19, 2013 and June 6, 2014,
if you have information or would like to learn more about these claims,
or if you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
[ Back To TMCnet.com's Homepage ]