An investigation for investors in Zayo Group Holdings, Inc. (NYSE: ZAYO) shares over potential securities laws violations by Zayo Group Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/26/2018 -- An investigation was announced over potential securities laws violations by Zayo Group Holdings, Inc. in connection with certain financial statements.
Investors who purchased shares of Zayo Group Holdings, Inc. (NYSE: ZAYO), 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 focuses on whether a series of statements by Zayo Group Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Boulder, CO based Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe.On November 7, 2018, Zayo Group Holdings, Inc announced "plans to separate into two publicly traded companies: one to focus on providing core communications infrastructure and another to leverage infrastructure to provide solutions for a broad set of enterprise customers." On November 8, 2018, Zayo announced its financial and operating results for the first quarter of fiscal year 2019. Among other results, Zayo Group Holdings, Inc announced that its net income had decreased by $20.7 million over the previous quarter, and reported a net loss of $3.4 million from the Company's Allstream segment. Shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) declined on November 8, 2018 to as low as $22.00 per share.
Those who purchased shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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