DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, has launched an investigation of Ubiquiti Networks, Inc. (“Ubiquiti”) (NasdaqGS: UBNT) and several officers and directors for possible violations of federal securities laws.
The firm is investigating potential legal claims against the officers and Board of Directors of Ubiquiti. If you are an affected Ubiquiti shareholder and want to learn more about the investigation, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, or call toll free at (888) 809-2750. There is no cost or fee to you.
The firm seeks to determine if the defendants violated certain provisions of the Securities Exchange Act of 1934. Specifically, the investigation relates to a September 18, 2017, report published by Citron Research, which alleged that Ubiquiti is a “total fraud.” The report suggested that the Company has been misleading investors by misstating critical operating metrics, including net income margins, in order to conceal poor financial operating results. The report also alleges red flags based on Ubiquiti’s distribution network, corporate turnover and corporate culture. Following this news, Ubiquiti’s stock price dropped significantly.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
