NEW YORK, NY / ACCESSWIRE / June 20, 2020 / Pomerantz LLP is investigating claims on behalf of investors of SS&C Technologies Holdings, Inc. ("SS&C" or the "Company") (NASDAQ:SSNC) Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether SS&C and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 9, 2020, the investment management technology firm Arcesium LLC ("Arcesium") sued SS&C in New York federal court, alleging breach of contract and violation of antitrust laws in connection with SS&C and its subsidiary Advent Software Inc.'s ("Advent") termination of an agreement with Arcesium to sell Advent's Geneva accounting software. As reported by Law360, 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.'" On this news, SS&C's stock price fell sharply over the following trading sessions, damaging investors.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP