The Shuman Law Firm Investigates Ubiquiti Networks, Inc.
BOULDER, Colo. -- September 10, 2013
The Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Ubiquiti Networks, Inc. (“Ubiquiti”
or the “Company”) (NASDAQ: UBNT). Ubiquiti is a California-based
communications technology company.
The Firm’s investigation concerns whether Ubiquiti issued false and misleading
statements between October 2011 and August 2012, including the Company’s
Registration Statement and Prospectus released in correspondence to its
Initial Public Offering. Specifically, the firm is investigating whether the
Company failed to adequately disclose negative trends in its business due to,
among other things, counterfeit versions of its Airmax line of products
reaching the market as a result of stolen source codes and designs. On August
9, 2012, Ubiquiti revealed that problems relating to counterfeit Airmax
products were more widespread than previously acknowledged and the Company's
stock declined approximately 42% on the news. These events have led to the
filing of numerous lawsuits against the Company.
If you currently own Ubiquiti common stock and are interested in discussing
your rights as a shareholder, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at
(866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn
The Shuman Law Firm represents investors throughout the nation, concentrating
its practice in stockholder litigation.
The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
Rusty E. Glenn, Esq., 866-974-8626
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