Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Ubiquiti Networks, Inc. (“Ubiquiti” or the “Company”) (Nasdaq: UBNT) concerning possible violations of federal securities laws.
If you purchased shares of Ubiquiti and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
The investigation concerns whether Ubiquiti and certain of its officers and/or directors violated federal securities laws. On September 18, 2017, Citron Research published a report alleging a number of “red flags” suggesting that the Company has been misleading investors by posting significantly higher operating margins than industry peers and comparatively low interest income from an increasing cash position. The report also alleges red flags based on Ubiquiti’s distribution network, corporate turnover and corporate culture. When this news was announced, shares of Ubiquiti declined in value.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006656/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
