Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Eastern District of Arkansas on behalf of shareholders of Uniti Group Inc. who purchased shares between April 20, 2015 and February 15, 2019.
Uniti and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s financial results were unsustainable because its customer Windstream had defaulted on its unsecured notes, and (ii) as a result of the foregoing, the Company’s statements about its business, operations, and prospects were materially false and misleading at all relevant times.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until December 30, 2019 to request that the court appoint them lead plaintiff.