Qantas Near-Miss Raises Sydney Air Traffic Controller Fatigue Concerns 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Tesla Cybercab Rides Launch in Austin as NHTSA Reviews Rollout 
OpenAI Nears Astra AI Model Launch With Safety Focus 
Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab 
Deutsche Telekom Shares Rise as Elliott Pushes Against T-Mobile Merger 
France Targets Shein, Temu With Fast-Fashion Fees 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
GSM Eyes US, Europe Expansion Ahead of 2028 Hong Kong IPO 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
OpenAI Rejects Apple Trade Secret Theft Claims 
Fast Retailing Shares Drop as Uniqlo Japan August Sales Fall 
Lynas Rare Earths Shares Rise After Takeover Talks Revealed 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
 - EconoTimes)
Add as a preferred source on Google
NEW YORK, March 08, 2018 -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Ubiquiti Networks, Inc. (NASDAQ:UBNT) who purchased shares between May 9, 2013 and February 20, 2018. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose (i) that the size of the Company's purported user community was drastically overstated; (ii) that the Company had exaggerated its publicly reported accounts receivable; and (iii) that as a result of the foregoing, Ubiquiti's publicly disseminated financial statements were materially false and misleading. On February 20, 2018, Ubiquiti revealed that it had received a subpoena from the SEC “requesting documents and information relating to a range of topics including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties.”
Shareholders have until April 23, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/ubiquiti-networks-inc?wire=3.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
