Ubiquiti Inc. (NYSE: UI) Securities Fraud Class Action:
- Ubiquiti Inc. (NYSE: UI) Securities Fraud Class Action:
The complaint centers on Defendants false disclosures concerning the nature and scope of a serious security breach incident at Ubiquiti.
- Defendants also downplayed the seriousness of the incident and repeatedly stated that they only became aware of the breach in Jan. 2021.
- Were focused on investors losses and proving Ubiquiti intentionally misrepresented the security of a core business, said Reed Kathrein, the Hagens Berman partner leading the investigation.
- Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.