NEW YORK, Nov. 4, 2019 /PRNewswire/ -- 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.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP