02:51:10 EDT Fri 19 Apr 2024
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IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of Ubiquiti Networks, Inc.

2017-09-19 11:51 ET - News Release


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.

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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