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Ubiquiti Networks, Inc. (NASDAQ: UBNT)

Securities Class Action

Overview
  • Date:
  • 9/18/2017
  • Company Name:
  • Ubiquiti Networks, Inc.
  • Stock Symbol:
  • UBNT
  • Status:
  • Closed/Complete

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NEW YORK, September 18, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against Ubiquiti Networks, Inc. (NASDAQ: UBNT).  Our investigation concerns whether Ubiquiti Networks has violated the federal securities laws and/or engaged in other unlawful business practices.

On September 18, 2017, Citron Research published a report that claimed to “detail how Ubiquiti Networks is deceiving the investing public.”  The report made note of several “red flags” that purported to indicate fraudulent behavior on the behalf of Ubiquiti executives.  Following this news, shares of Ubiquiti fell $4.33 per share, or nearly 8%, to close at $50.62 per share on September 18, 2017.

If you purchased or otherwise acquired Ubiquiti securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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