The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Ubiquiti Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Los Angeles, CA —- (Newsfile Corp. – June 4, 2021) – Schall Law Firm, a national shareholder rights law firm, is reminding investors of a class action lawsuit against Ubiquiti Inc. (“Ubiquiti” or “the Company”) ” ) (NYSE: UI) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the Securities and Exchange Commission.

Investors who acquired the Company’s securities between January 11, 2021 and March 30, 2021 inclusive (the “Class Period”) are advised to contact the Company before July 19, 2021.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the firm’s website at www.schallfirm.com or by email at [email protected].

In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.

According to the lawsuit, the company provided false and misleading information to the market. Ubiquiti downplayed the data breach suffered in January 2021. In fact, the hackers had gained administrative access to the company’s servers, which in turn gave them access to all databases, user credentials, and information necessary to enforce single sign-on cookies. This access level enables attackers to remotely access systems of the company’s customers. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about Ubiquiti, investors suffered damage.

Join the case to make up for your losses.

The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.

The story goes on

This press release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.

CONTACT:

The Schall law firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall law firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86531