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INVESTOR ALERT Kirby McInerney LLP Commences Class Action on Behalf of Frontier Communications Corporation Investors

Nachrichtenquelle: Business Wire (engl.)
06.10.2017, 21:59  |  185   |   |   

Kirby McInerney LLP announced today a class action lawsuit on behalf of investors who purchased Frontier Communications Corporation (“Frontier” or the “Company”) (NASDAQ:FTR) securities between April 1, 2016, and May 2, 2017 (the “Class Period”). Frontier investors have until November 27, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Frontier page on our website at www.kmllp.com.

Frontier provides communications services, including broadband, video, and voice services. In April 2016, Frontier completed the acquisition of the wireline operations of Verizon Communications, Inc. in California, Texas, and Florida (the “Verizon Acquisition”), for a purchase price of $10.5 billion in cash and assumed debt. Specifically. the complaint alleges that throughout the Class Period, Defendants failed to disclose that Frontier acquired a substantial number of non-paying accounts as part of its acquisition of the wireline operations of Verizon Communications, Inc. and as a result, Frontier would be required to increase its reserves and write off amounts from accounts receivable associated with the non-paying accounts

If you acquired Frontier securities during the Class Period and are interested in learning more about this matter and any rights you might have with respect to these claims, please contact Thomas W. Elrod at telrod@kmllp.com, or by telephone at (212) 371-6600. You can also find information about this matter on the firm's website www.kmllp.com. Please bear in mind that some of these rights may be time-sensitive.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and its achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm can be found at Kirby McInerney LLP’s website www.kmllp.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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