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New York, New York--(Newsfile Corp. - July 19, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Ubiquiti Inc. (NYSE: UI) alleging that the Company violated federal securities laws.
Class Period: January 11, 2021 and March 20, 2021
Lead Plaintiff Deadline: July 19, 2021
No obligation or cost to you.
Learn more about your recoverable losses in UI:
Ubiquiti Inc. NEWS - UI NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Ubiquiti Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had downplayed the data breach in January 2021; (2) attackers had obtained administrative access to Ubiquiti's servers and obtained access to, among other things, all databases, all user database credentials, and secrets required to forge single sign-on (SSO) cookies; (3) as a result, intruders already had credentials needed to remotely access Ubiquiti's customers' systems; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Ubiquiti you have until July 19, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Ubiquiti securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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