UNIT CLASS ACTION DEADLINE: Bernstein Liebhard LLP Announces the Filing of a Securities Class Action Against Uniti Group Inc.
November 01 2019 - 11:10AM
Business Wire
Bernstein Liebhard, a nationally acclaimed investor rights law
firm, announces that a securities class action has been filed on
behalf of investors that purchased or acquired the securities of
Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ: UNIT) between
April 20, 2015 and February 15, 2019, inclusive (the "Class
Period"). The lawsuit filed in the United States District Court for
the Eastern District of Arkansas alleges violations of the
Securities Exchange Act of 1934.
If you purchased Uniti securities, and/or would like to
discuss your legal rights and options please visit Uniti
Shareholder Class Action or contact Matthew E. Guarnero toll free
at (877) 779-1414 or MGuarnero@bernlieb.com.
The complaint alleges that Uniti made materially false and/or
misleading statements and/or failed to disclose that: (i) Uniti's
financial results were not sustainable because its customer
Windstream had defaulted on its unsecured notes; and (ii) as a
result of the foregoing, Defendants' statements about Uniti's
business, operations, and prospects, were false and misleading
and/or lacked a reasonable basis.
On February 15, 2019, United States District Judge Jesse M.
Furman released his finding of facts and conclusions of law
declaring that Windstream breached the indenture and awarded
Aurelius a monetary judgment of $310,459,959.10 plus interest. On
this news, the price of Uniti's common stock fell $7.47 from a
close of $19.98 per share of Uniti common stock on February 15,
2019, to a close of 12.51 per share of Uniti common stock on
February 19, 2019. A drop of approximately 37.39%
If you purchased Uniti securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/unitigroupinc-unit-shareholder-class-action-lawsuit-stock-fraud-211/apply/
or contact Matthew E. Guarnero toll free at (877) 779-1414
or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court
no later than December 30, 2019. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. Your ability to share in any recovery
doesn’t require that you serve as lead plaintiff. If you choose to
take no action, you may remain an absent class member.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5
billion for its clients. In addition to representing individual
investors, the Firm has been retained by some of the largest public
and private pension funds in the country to monitor their assets
and pursue litigation on their behalf. As a result of its success
litigating hundreds of lawsuits and class actions, the Firm has
been named to The National Law Journal’s “Plaintiffs’ Hot List”
thirteen times and listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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version on businesswire.com: https://www.businesswire.com/news/home/20191101005423/en/
Matthew E. Guarnero Bernstein Liebhard LLP
https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com
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