SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. - UI

By Pomerantz LLP10 days ago

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NEW YORK, April 8, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors ofUbiquiti Inc. (“Ubiquiti“ or the “Company“)(NYSE: UI).Such investors are advised to contact Robert S. Willoughby at [email protected]or 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.

[Click here for information about joining the class action]

On January 11, 2021, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials.

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.

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