Press release
Investigation announced for Long-Term Investors in shares of Ubiquiti Inc. (NYSE: UI)
An investigation on behalf of current long term investors in Ubiquiti Inc. (NYSE: UI) shares.
Investors who are current long term investors in Ubiquiti Inc. (NYSE: UI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: UI stocks follows a lawsuit filed against Ubiquiti Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: UI stocks, concerns whether certain Ubiquiti Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants, in their statements concerning the data breach, failed to speak fully and truthfully because they failed to disclose to investors that the Company had downplayed the data breach in January 2021, that attackers had obtained administrative access to Ubiquiti’s servers and obtained access to, among other things, all databases, all user database credentials, and secrets required to forge single sign-on (SSO) cookies, that, as a result, intruders already had credentials needed to remotely access Ubiquiti’s customers’ systems, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Ubiquiti Inc. (NYSE: UI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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