{"id":470273,"date":"2021-04-01T19:54:30","date_gmt":"2021-04-01T23:54:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470273"},"modified":"2021-04-01T19:54:30","modified_gmt":"2021-04-01T23:54:30","slug":"hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span><span>\/PRNewswire\/ &#8212;\u00a0<\/span><span>Hagens Berman urges Ubiquiti Inc. (NYSE: UI)<b>\u00a0<\/b>investors with significant losses to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=3909968110&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2FUI&amp;a=submit+your+losses+now\" rel=\"nofollow noopener noreferrer\">submit your losses now<\/a>.\u00a0The firm is investigating possible securities law violations and certain investors may have valuable claims.<\/span><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\" title=\"Hagens Berman Sobol Shapiro LLP\" alt=\"Hagens Berman Sobol Shapiro LLP\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b><br \/>\n          <span>Visit: <\/span><br \/>\n        <\/b><br \/>\n        <span><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=3905686067&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2FUI&amp;a=www.hbsslaw.com%2Finvestor-fraud%2FUI\" rel=\"nofollow noopener noreferrer\">www.hbsslaw.com\/investor-fraud\/UI<\/a>\u00a0<br \/><\/span><br \/>\n        <b><br \/>\n          <span>Contact an Attorney Now:<\/span><br \/>\n        <\/b><br \/>\n        <span><br \/>\n          <a target=\"_blank\" href=\"mailto:UI@hbsslaw.com\" rel=\"nofollow noopener noreferrer\">UI@hbsslaw.com<\/a>\u00a0<br \/><\/span><br \/>\n        <b><br \/>\n          <span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895<\/span><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <span>Ubiquiti Inc. (NYSE: UI) Investigation:<\/span><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <span>The investigation focuses on whether Ubiquiti accurately reported the nature and scope of a recent security breach incident.<\/span>\n      <\/p>\n<p>\n        <span>On <span class=\"xn-chron\">Jan. 11, 2021<\/span>, Ubiquiti urged customers to change their passwords and enable multi-factor authentication after it became aware of unauthorized access to certain of its information technology systems hosted by a third-party cloud provider. The company, however, downplayed the seriousness of the incident, advising its customers that it was not currently aware of evidence of access to databases that host user data.<\/span>\n      <\/p>\n<p>\n        <span>But on <span class=\"xn-chron\">March 30, 2021<\/span>, <i>KrebsonSecurity <\/i>published an article entitled, &#8220;Whistleblower: Ubiquiti Breach &#8216;Catastrophic,'&#8221; reporting that a Ubiquiti security professional who helped the company respond to the two-month breach beginning in <span class=\"xn-chron\">December 2020<\/span> informed <i>Krebs <\/i>that the breach was catastrophically worse than reported. <i>Krebs <\/i>quoted the source as saying &#8220;[t]he breach was massive, customer data was at risk, access to customers&#8217; devices deployed in corporations and homes around the world was at risk.&#8221;\u00a0The source also reportedly said the <span class=\"xn-chron\">Jan. 11, 2021<\/span> breach disclosure was &#8220;downplayed and purposefully written to imply that a 3<sup>rd<\/sup> party cloud vendor was at risk and that Ubiquiti was merely a casualty of that, instead of the target of the attack.&#8221; In reality, according to <i>Krebs<\/i>&#8216; reporting, the attackers gained administrative access to Ubiquiti&#8217;s servers.<\/span>\n      <\/p>\n<p>\n        <span>In response, the price of Ubiquiti shares fell over 16% during intraday trading on <span class=\"xn-chron\">March 31, 2021<\/span>.<\/span>\n      <\/p>\n<p>\n        <span>&#8220;We&#8217;re focused on investors&#8217; losses and whether Ubiquiti intentionally misrepresented the security of a core business,&#8221; said <span class=\"xn-person\">Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation.<\/span>\n      <\/p>\n<p>\n        <span>If you are an <\/span><br \/>\n        <span>Ubiquiti <\/span><br \/>\n        <span>investor and have significant losses, or have knowledge that may assist the firm&#8217;s investigation, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=845079850&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2FUI&amp;a=click+here+to+discuss+your+legal+rights+with+Hagens+Berman\" rel=\"nofollow noopener noreferrer\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/span>\n      <\/p>\n<p>\n        <b>Whistleblowers: <\/b><br \/>\n        <span>Persons with non-public information regarding Ubiquiti should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.\u00a0Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.\u00a0For more information, call <span class=\"xn-person\">Reed Kathrein<\/span> at <b>844-916-0895<\/b> or email <\/span><br \/>\n        <span><br \/>\n          <a target=\"_blank\" href=\"mailto:UI@hbsslaw.com\" rel=\"nofollow noopener noreferrer\">UI@hbsslaw.com<\/a><br \/>\n        <\/span><br \/>\n        <span>.<\/span>\n      <\/p>\n<p>\n        <u><br \/>\n          <span><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=1574862886&amp;u=https%3A%2F%2Fwww.hbsslaw.com%2Fabout-us&amp;a=About+Hagens+Berman\" rel=\"nofollow noopener noreferrer\">About Hagens Berman<\/a><br \/>\n          <\/span><br \/>\n        <\/u><br \/>\n        <span><br \/>\n          <br \/>Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=818247917&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2F&amp;a=hbsslaw.com\" rel=\"nofollow noopener noreferrer\">hbsslaw.com<\/a>. For the latest news visit our <u><span><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=1859626863&amp;u=http%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fpressreleases&amp;a=newsroom\" rel=\"nofollow noopener noreferrer\">newsroom<\/a><\/span><\/u> or follow us on Twitter at <u><span><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3117369-1&amp;h=1481628907&amp;u=https%3A%2F%2Ftwitter.com%2Fclassactionlaw&amp;a=%40classactionlaw\" rel=\"nofollow noopener noreferrer\">@classactionlaw<\/a><\/span><\/u>.<\/span><br \/>\n        <span \/>\n      <\/p>\n<p>\n        <u><br \/>\n          <span>Contact: <br \/><\/span><br \/>\n        <\/u><br \/>\n        <span><br \/>\n          <span class=\"xn-person\">Reed Kathrein<\/span>, 844-916-0895<br \/><\/span>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC30563&amp;sd=2021-04-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations-301261098.html\">http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations-301261098.html<\/a><\/p>\n<p>SOURCE  Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC30563&amp;Transmission_Id=202104011951PR_NEWS_USPR_____DC30563&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN FRANCISCO, April 1, 2021\/PRNewswire\/ &#8212;\u00a0Hagens Berman urges Ubiquiti Inc. (NYSE: UI)\u00a0investors with significant losses to submit your losses now.\u00a0The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/UI\u00a0 Contact an Attorney Now: UI@hbsslaw.com\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Ubiquiti Inc. (NYSE: UI) Investigation: The investigation focuses on whether Ubiquiti accurately reported the nature and scope of a recent security breach incident. On Jan. 11, 2021, Ubiquiti urged customers to change their passwords and enable multi-factor authentication after it became aware of unauthorized access to certain of its information technology systems hosted by a third-party cloud provider. The company, however, downplayed the seriousness of the incident, advising its customers that it was not currently aware &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470273","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, April 1, 2021\/PRNewswire\/ &#8212;\u00a0Hagens Berman urges Ubiquiti Inc. (NYSE: UI)\u00a0investors with significant losses to submit your losses now.\u00a0The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/UI\u00a0 Contact an Attorney Now: UI@hbsslaw.com\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Ubiquiti Inc. (NYSE: UI) Investigation: The investigation focuses on whether Ubiquiti accurately reported the nature and scope of a recent security breach incident. On Jan. 11, 2021, Ubiquiti urged customers to change their passwords and enable multi-factor authentication after it became aware of unauthorized access to certain of its information technology systems hosted by a third-party cloud provider. The company, however, downplayed the seriousness of the incident, advising its customers that it was not currently aware &hellip; Continue reading &quot;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T23:54:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. 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(UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","og_locale":"en_US","og_type":"article","og_title":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk","og_description":"PR Newswire SAN FRANCISCO, April 1, 2021\/PRNewswire\/ &#8212;\u00a0Hagens Berman urges Ubiquiti Inc. (NYSE: UI)\u00a0investors with significant losses to submit your losses now.\u00a0The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/UI\u00a0 Contact an Attorney Now: UI@hbsslaw.com\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Ubiquiti Inc. (NYSE: UI) Investigation: The investigation focuses on whether Ubiquiti accurately reported the nature and scope of a recent security breach incident. On Jan. 11, 2021, Ubiquiti urged customers to change their passwords and enable multi-factor authentication after it became aware of unauthorized access to certain of its information technology systems hosted by a third-party cloud provider. The company, however, downplayed the seriousness of the incident, advising its customers that it was not currently aware &hellip; Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. (UI) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T23:54:30+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ubiquiti-inc-ui-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ubiquiti Inc. 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