An investigation for investors in NASDAQ:UBNT shares was announced over potential breaches of fiduciary duties by certain officers and directors at Ubiquiti Networks.
Investors who purchased shares of Ubiquiti Networks Inc (NASDAQ:UBNT) and currently hold any of those NASDAQ:UBNT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Ubiquiti Networks directors breached their fiduciary duties and caused damage to the company and its shareholders.
Ubiquiti Networks Inc reported that its Total Revenue rose from $595.95 million for the 12 months period that ended on June 30, 2015 to $666.39 million for the 12 months period that ended on June 30, 2016 and that its respective Net Income increased from $129.66 million to $213.62 million.
Shares of Ubiquiti Networks Inc (NASDAQ:UBNT) grew from $26.30 in early 2015 to as high as $54.20 per share in October 2016.
On November 15, 2016, NASDAQ:UBNT shares closed at $55.51 per share.
Those who purchased NASDAQ:UBNT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com