INVESTOR ALERT: Goldberg Law PC Announces a Securities Class Action Lawsuit against Frontier Communications Corporation and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm
INVESTOR ALERT: Goldberg Law PC Announces a Securities Class Action Lawsuit against Frontier Communications Corporation and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm ET | Source: Goldberg Law PC
LOS ANGELES, Sept. 29, 2017 (GLOBE NEWSWIRE) — Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Frontier Communications Corporation (“Frontier” or the “Company”) (Nasdaq:FTR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between April 1, 2016 and May 2, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before November 27, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Frontier made materially false and/or misleading statements, and/or failed to disclose: that the Company acquired a substantial number of non-paying accounts as part of its acquisition of the wireline operations of Verizon Communications, Inc.; that the Company would be required to increase its reserves, and write off amounts from accounts receivable associated with the non-paying accounts; and that as a result of the above, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. When this news reached the public, Frontier’s stock price dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
Sohrab Izadi, Esq., 800-977-7401
Sherin Mahdavian, Esq., 800-977-7401