Haeggquist & Eck Investigates Breach of Fiduciary Duties by Ubiquiti Networks’ Officers and Directors Regarding Citron Report Claiming Ubiquiti Deceived Investors and Engaged in Corporate ...
UBIQUITI NETWORKS (UBNT)
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)-- Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Ubiquiti Networks, Inc. (“Ubiquiti” or the “Company”) (NASDAQ: UBNT) breached their fiduciary duties to the Company and its shareholders. If you are an Ubiquiti shareholder, you are encouraged to contact Haeggquist & Eck for additional information. Ubiquiti develops networking technology for service providers, enterprises, and consumers worldwide. The Company does not employ a traditional sales force. Instead, it states that it “drives brand awareness largely through the company’s user community where customers can interface directly with R&D, marketing, and support.” The Company calls this user community the “Ubiquiti Community.” Specifically, the investigation relates to a September 18, 2017 report published by Citron Research, which a
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