An investigation on behalf of current long term investors in Ubiquiti Networks Inc (NASDAQ:UBNT) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/25/2018 -- Certain directors of Ubiquiti Networks Inc (NASDAQ:UBNT) was under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Ubiquiti Networks Inc (NASDAQ:UBNT) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ:UBNT stocks follows a lawsuit filed against Ubiquiti Networks over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:UBNT stocks, concerns whether certain Ubiquiti Networks Inc directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the United States District Court for the Southern District of New York the plaintiff alleges that 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
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels