SAN DIEGO & SAN JOSE, Calif.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Ubiquiti Networks, Inc. ("Ubiquiti") (NASDAQGS: UBNT) breached their fiduciary duties to shareholders by leading investors to believe that an international counterfeiting scheme did not threaten Ubiquiti's competitive position. A class action complaint has been filed against Ubiquiti in the U.S. District Court for the Northern District of California alleging that the company publicly downplayed the extent to which the counterfeiting scheme negatively affected Ubiquiti's business model. Ubiquiti is also the subject of a lawsuit from Synopsys, a software developer, which alleges that Ubiquiti used Synopsys's software without obtaining a license. Ubiquiti develops networking technology for service providers and enterprises worldwide.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/ubiquiti-networks-inc-feb-2017
Ubiquiti Networks Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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