An investigation on behalf of investors in shares of Ubiquiti Networks Inc (NASDAQ:UBNT) was announced over potential breaches of fiduciary duties by certain officers and directors at Ubiquiti Networks Inc .
Investors who purchased shares of Ubiquiti Networks Inc (NASDAQ:UBNT) and currently hold any of those NASDAQ:UBNT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Ubiquiti Networks Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 22, 2018, a lawsuit was filed against Ubiquiti Networks Inc over alleged violations of Federal Securities Laws. The plaintiff claims that between May 9, 2013 and February 20, 2018, the Defendants made false and/or misleading statements and/or failures to disclose pertaining to a range of topics, including the number of the Company’s purported user community was drastically overstated;, that it had exaggerated its publicly reported accounts receivable, and that as a result of the foregoing, Ubiquiti’s publicly disseminated financial statements were materially false and misleading.
Those who purchased shares of Ubiquiti Networks Inc (NASDAQ:UBNT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego