San Diego, CA — 11/14/2017 — The Shareholders Foundation announces that a deadline is coming up on November 24, 2017 in the lawsuit filed for investors of Ubiquiti Networks Inc (NASDAQ:UBNT over alleged securities laws violations by Ubiquiti Networks Inc.
The plaintiff alleges on behalf of purchasers of Ubiquiti Networks Inc (NASDAQ:UBNT) common shares between September 28, 2012 and September 18, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 28, 2012 and September 18, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that the number of the Company's purported user community was drastically overstated, that 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
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