INVESTOR ALERT: Kirby McInerney LLP Commences Class Action on Behalf of Frontier Communications Corporation Investors
October 06 2017 - 3:59PM
Business Wire
Kirby McInerney LLP announced today a class action lawsuit on
behalf of investors who purchased Frontier Communications
Corporation (“Frontier” or the “Company”) (NASDAQ:FTR) securities
between April 1, 2016, and May 2, 2017 (the “Class Period”).
Frontier investors have until November 27, 2017 to file a lead
plaintiff motion. To obtain information or participate in the class
action, please visit the Frontier page on our website at
www.kmllp.com.
Frontier provides communications services, including broadband,
video, and voice services. In April 2016, Frontier completed the
acquisition of the wireline operations of Verizon Communications,
Inc. in California, Texas, and Florida (the “Verizon Acquisition”),
for a purchase price of $10.5 billion in cash and assumed debt.
Specifically. the complaint alleges that throughout the Class
Period, Defendants failed to disclose that Frontier acquired a
substantial number of non-paying accounts as part of its
acquisition of the wireline operations of Verizon Communications,
Inc. and as a result, Frontier would be required to increase its
reserves and write off amounts from accounts receivable associated
with the non-paying accounts
If you acquired Frontier securities during the Class Period and
are interested in learning more about this matter and any rights
you might have with respect to these claims, please contact Thomas
W. Elrod at telrod@kmllp.com, or by telephone at (212) 371-6600.
You can also find information about this matter on the firm's
website www.kmllp.com. Please bear in mind that some of these
rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, whistleblower and consumer
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars, and its achievements and quality of service have been
chronicled in numerous published decisions. Additional information
about the firm can be found at Kirby McInerney LLP’s website
www.kmllp.com. This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and
ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20171006005735/en/
Kirby McInerney LLPThomas W. Elrod,
212-371-6600https://www.kmllp.comtelrod@kmllp.com
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