{"id":473373,"date":"2021-04-08T00:13:17","date_gmt":"2021-04-08T04:13:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473373"},"modified":"2021-04-08T00:13:17","modified_gmt":"2021-04-08T04:13:17","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. – UI"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, April 8, 2021<\/span> \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Ubiquiti Inc. (“Ubiquiti” or the “Company”)\u00a0(NYSE: UI).\u00a0Such investors are advised to contact Robert S. Willoughby<\/span> at newaction@pomlaw.com<\/a>\u00a0or 888-476-6529, ext. 7980. <\/p>\n

The investigation concerns whether Ubiquiti and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0\u00a0 <\/p>\n

\n [Click here for information about joining the class action]<\/a>\u00a0<\/p>\n

On January 11, 2021<\/span>, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials. \u00a0<\/p>\n

On this news, Ubiquit’s stock price fell $13.69<\/span> per share, or 5.32%, over the following two days, closing at $243.76<\/span> per share on January 13, 2021<\/span>. \u00a0<\/p>\n

Then, on March 30, 2021<\/span>, cybersecurity analyst Brian Krebs<\/span> reported that “a source who participated in the response to that breach” alleged that Ubiquiti “massively downplayed a ‘catastrophic’ incident to minimize the hit to its stock price, and that the third-party cloud provider claim was a fabrication.” \u00a0This anonymous security professional stated that the breach “was catastrophically worse than reported, and legal silenced and overruled efforts to decisively protect customers. . . . The breach was massive, customer data was at risk, access to customers’ devices deployed in corporations and homes around the world was at risk.”\u00a0 <\/p>\n

On this news, Ubiquiti’s stock price fell $18.78<\/span> per share, or 5.11%, to close at $349.00<\/span> per share on March 30, 2021<\/span>.<\/p>\n

The Pomerantz Firm, with offices in New York<\/span>, Chicago<\/span>, Los Angeles<\/span>, and Paris<\/span> is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz<\/span>, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com<\/a><\/p>\n

\n CONTACT:
<\/b>
\n Robert S. Willoughby<\/span>
\n
Pomerantz LLP\u00a0
rswilloughby@pomlaw.com<\/a>\u00a0\u00a0\u00a0\u00a0
888-476-6529 ext. 7980 <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc—ui-301264688.html<\/a><\/p>\n

SOURCE Pomerantz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, April 8, 2021 \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Ubiquiti Inc. (“Ubiquiti” or the “Company”)\u00a0(NYSE: UI).\u00a0Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com\u00a0or 888-476-6529, ext. 7980. The investigation concerns whether Ubiquiti and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0\u00a0 [Click here for information about joining the class action]\u00a0 On January 11, 2021, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials. \u00a0 On this news, Ubiquit’s stock price fell $13.69 per share, or 5.32%, over the following two days, closing at $243.76 per share on January 13, 2021. \u00a0 Then, on March 30, … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. – UI”<\/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-473373","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. - UI - 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\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. - UI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, April 8, 2021 \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Ubiquiti Inc. (“Ubiquiti” or the “Company”)\u00a0(NYSE: UI).\u00a0Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com\u00a0or 888-476-6529, ext. 7980. The investigation concerns whether Ubiquiti and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0\u00a0 [Click here for information about joining the class action]\u00a0 On January 11, 2021, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials. \u00a0 On this news, Ubiquit’s stock price fell $13.69 per share, or 5.32%, over the following two days, closing at $243.76 per share on January 13, 2021. \u00a0 Then, on March 30, … Continue reading "SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. – UI"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T04:13:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC36135&sd=2021-04-08\" \/>\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\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. – UI\",\"datePublished\":\"2021-04-08T04:13:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/\"},\"wordCount\":366,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DC36135&sd=2021-04-08\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc-ui\\\/\",\"name\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. - 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