FRONTIER COMMUNICATIONS EXPANDED CLASS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of ...
November 10 2017 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until November 27, 2017 to file
lead plaintiff applications in a securities class action lawsuit
against Frontier Communications Corporation (NasdaqGS: FTR), if
they purchased the Company’s securities between the expanded period
of February 6, 2015 and May 2, 2017, inclusive (the “Class
Period”). This action is pending in the United States District
Court for the District of Connecticut.
Get Help
Frontier investors should visit us at
https://www.claimsfiler.com/cases/view-frontier-communications-corporation-securities-litigation
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Frontier and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On February 27, 2017, Frontier revealed a Q4 2016 net loss of
$80M from the “resolution of nonpaying acquired CTF accounts,” an
account cleanup process since July 20, 2016 related to its April
2016 purchase of Verizon Communications operations in California,
Texas and Florida. On May 2, 2017, Frontier reported a $75M Q1 2017
net loss and a Q1 revenue decline of $53M by year, including $16M
from CTF non-paying accounts and automation of legacy non-pay
disconnects.
On this news, the price of Frontier’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171110005644/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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