SHAREHOLDER ALERT: The Gross Law Firm 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 22, 2021) – Securities litigation law firm The Gross Law Firm is issuing the following notice on behalf of the shareholders of Ubiquiti Inc.
Shareholders who purchased UI stock during the listed collection period are encouraged to contact the company regarding a possible appointment as lead plaintiff. The appointment as lead plaintiff is not required to participate in a recovery.
CONTACT US HERE:
CLASS PERIOD: January 11, 2021 to March 20, 2021
ALLEGES: The complaint alleges that during the classroom, defendants made materially false and / or misleading statements and / or failed to disclose: (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.
The law firm Gross is committed to ensuring that companies adhere to responsible business practices and participate in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and / or misleading information or the failure of a company to provide material information results in artificial inflation of the Company’s shares. Lawyer advertising. Previous results do not guarantee similar results.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88370