SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Ubiquiti Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 19, 2021
New York, New York – (Newsfile Corp. – June 17, 2021) – The following statement is issued by Levi & Korsinsky, LLP:
To: Any person or entity who purchased or otherwise acquired Ubiquiti Inc. (“Ubiquiti”) (NYSE: UI) securities between January 11, 2021 and March 20, 2021. You are hereby informed that a class action lawsuit has been initiated in the United States District Court for the Southern District of New York. For more information go to:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There are no costs or obligations for you.
Ubiquiti Inc. NEWS – UI NEWS
CASE DETAILS: According to the complaint filed: (1) the company downplayed the data breach in January 2021; (2) Attackers had obtained administrative access to Ubiquiti’s servers and, among other things, access to all databases, all user database credentials and secrets required to falsify single sign-on (SSO) cookies; (3) As a result, intruders already had the credentials required to access Ubiquiti customers’ systems remotely; and (4) as a result of the foregoing, Defendants’ positive statements about the business, operations and prospects of the Company were materially misleading and / or unfounded.
WHAT THIS MEANS FOR THE SHAREHOLDERS: If you have suffered damage in Ubiquiti, you can apply until July 19, 2021 for the court to appoint you as the lead plaintiff. Your ability to partake in a recovery does not require you to be the lead plaintiff.
NO COST TO YOU: If you purchased Ubiquiti securities between January 11, 2021 and March 20, 2021, you may be entitled to compensation with no out-of-pocket expenses or fees.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this short submission form https://www.zlk.com/pslra-1/ubiquiti-inc-loss-of-submission-form?prid=16985&wire=5 or call 212-363- 7500 to discuss the case with Joseph E. Levi, Esq.
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WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven record of winning hundreds of millions of dollars worth of cases for shareholders over a period of 20 years. We represent and fight for shareholders who have been disadvantaged by companies.
Levi & Korsinsky is a nationally recognized law firm with offices in New York, California, Connecticut and Washington, DC. The firm’s founding partners, Joseph Levi and Eduard Korsinsky, have represented shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the US and internationally. The company, with more than 80 employees, is committed to promoting, nurturing and maintaining a culture of diversity, equality and inclusion for employees and those we represent. Our attorneys have extensive experience representing investors in securities disputes with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked one of the leading securities litigation firms in the United States in the SCAS Top 50 Report by Institutional Shareholder Services (“ISS”) for 7 consecutive years. The SCAS Top 50 Report identifies the leading securities law firms in the country, and year on year ISS has recognized Levi & Korsinsky as the leading law firm in securities class actions.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87946