Energy News / Shareholders Foundation, Inc.

Lawsuit for Investors Who Purchased in the June 2015 Stock Offering Shares of Frontier Communications Corp (NASDAQ:FTR)

Via: ReleaseWire

Updated 12:15 PM CST, Tue, November 28,2017

A lawsuit was filed on behalf of investors in Frontier Communications Corp (NASDAQ:FTR) shares over alleged securities laws violations. Deadline: November 27, 2017.

San Diego, CA -- (SBWIRE) -- 11/28/2017 -- An investor filed a lawsuit against Frontier Communications Corp, certain of its senior executives and directors, and the underwriters for its June 2015 offerings of common and preferred stock.

Investors who purchased Frontier Communications Corp (NASDAQ:FTR) shares either in or traceable to the June 2015 offerings, and/ or Frontier Communications Corp (NASDAQ:FTR) securities during the period of February 6, 2015 to May 2, 2017, have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 on behalf of investors who purchased shares either in or traceable to the June 2015 offerings, and violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (on behalf of investors who purchased Frontier Communications Corp (NASDAQ:FTR) securities during the period of February 6, 2015 to May 2, 2017.

The plaintiff claims that between February 6, 2015 to May 2, 2017 Frontier Communications Corp misled investors with regard to its integration of customers and assets acquired in 2016 from Verizon in California, Texas, and Florida. More specifically, the plaintiff alleges that the Frontier Communications Corporation misled investors regarding the costs of integrating with regard to its integration of customers and assets acquired in 2016 from Verizon in California, Texas, and Florida, and concealed that Frontier did not have the ability to successfully integrate with regard to its integration of customers and assets acquired in 2016 from Verizon in California, Texas, and Florida.

Those who purchased Frontier Communications Corp (NASDAQ:FTR) shares either in or traceable to the June 2015 offerings, and/ or Frontier Communications Corp (NASDAQ:FTR) securities during the period of February 6, 2015 to May 2, 2017 have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/lawsuit-for-investors-who-purchased-in-the-june-2015-stock-offering-shares-of-frontier-communications-corp-nasdaqftr-897836.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com