Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC, a shareholder rights firm, announces that it is
investigating claims against Ubiquiti Networks, Inc. (“Ubiquiti” or the
“Company”) (Nasdaq: UBNT) concerning possible violations of federal
securities laws.
To get more information about this investigation, please contact Brian
Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at brian@lundinlawpc.com.
On September 18, 2017, Citron Research published a report alleging a
number of “red flags” suggesting that Ubiquiti has been misleading
investors by posting significantly higher operating margins than
industry peers and comparatively low interest income from an increasing
cash position. The report also alleges red flags based on Ubiquiti’s
distribution network, corporate turnover and corporate culture. Upon
release of this news, the Company’s shares fell in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006313/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
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