NEW YORK, Nov. 1, 2017 /PRNewswire/ -- Bernstein
Litowitz Berger & Grossmann LLP ("BLB&G") today announced
that it has filed a securities class action lawsuit on behalf of
St. Lucie County Fire District Firefighters' Pension Trust Fund
against Frontier Communications Corp., ("Frontier" or the
"Company") (NASDAQ: FTR), its senior executives and directors, and
the underwriters for its June 2015
offerings of common and preferred stock (the "Offerings").
The action, which is captioned St. Lucie County Fire District
Firefighters' Pension Trust Fund v. Frontier Communications Corp.
et al., No. 3:17-cv-01825 (D. Conn.), asserts claims under
Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the
"Securities Act") on behalf of investors who purchased shares
either in or traceable to the Offerings, and under Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934 (the "Exchange
Act") on behalf of investors who purchased Frontier securities
during the period of February 6, 2015
to May 2, 2017, inclusive (the "Class
Period").
The Complaint alleges that during the Class Period, Frontier
misled investors with regard to its integration of customers and
assets acquired in 2016 from Verizon in California, Texas, and Florida (the "CTF Acquisition").
Specifically, the Complaint alleges that the Company misled
investors regarding the costs of integrating the CTF Acquisition,
and concealed that Frontier did not have the ability to
successfully integrate the CTF
Acquisition.
If you wish to serve as Lead Plaintiff for the Class, you must
file a motion with the Court no later November 27, 2017, which is 60 days from the date
of publication of notice of the pendency of the first filed,
related securities class action on behalf of Frontier
investors. Any member of the proposed Class may move the
Court by the above deadline, to serve as Lead Plaintiff through
counsel of their choice, or may choose to do nothing and remain a
member of the proposed Class.
If you wish to discuss this Action or have any questions
concerning this notice or your rights or interests, please contact
Avi Josefson of BLB&G at
212-554-1493, or via e-mail at avi@blbglaw.com. Information
about BLB&G can be found online at www.blbglaw.com.
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SOURCE Bernstein Litowitz Berger & Grossmann LLP