SAN DIEGO, CA / ACCESSWIRE / March 22, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in NASDAQ: UBNT shares over alleged securities laws violations by Ubiquiti Networks Inc.

Investors who purchased shares of Ubiquiti Networks Inc. (NASDAQ: UBNT) have certain options and for certain investors are short and strict deadlines running. Deadline: April 23, 2018. NASDAQ: UBNT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On September 18, 2017, a report was published entitled "Cintron Exposes Ubiquiti Networks," which detailed a series of "alarming red flags," indicating that the Company has been deceiving investors and is engaged in "corporate fraud," including, among other things, that the Company has misrepresented the size of its purported "Ubiquiti Community," as well as its levels of accounts receivable, among other things. This news caused Ubiquiti's stock price to fall, harming investors.

On February 20, 2018, Ubiquiti Networks Inc. announced that it had received a subpoena from the Securities and Exchange Commission ("SEC") "requesting documents and information relating to a range of topics including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

On February 22, 2018, a lawsuit was filed against Ubiquiti Networks Inc. over alleged securities laws violations. The plaintiff claims that the defendants made false and/or misleading statements and/or failures to disclose pertaining to a range of topics, including the number of the Company's purported user community was drastically overstated, that it had exaggerated its publicly reported accounts receivable, and that as a result of the foregoing, Ubiquiti's publicly disseminated financial statements were materially false and misleading.

Those who purchased Ubiquiti Networks Inc. (NASDAQ: UBNT) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.