Robbins Arroyo LLP: Ubiquiti Networks, Inc. (UBNT) Misled Shareholders According to Complaint
UBIQUITI NETWORKS (UBNT)
Last ubiquiti networks earnings: 5/10 08:05 am
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US:NASDAQ Investor Relations:
ir.ubnt.com/node/668
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Source: Business Wire
SAN DIEGO & NEW YORK--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces a purchaser of Ubiquiti Networks, Inc. (NASDAQ: UBNT) has filed a complaint against the company's officers and directors for breaches of fiduciary duties, unjust enrichment, and waste. Ubiquiti develops technology platforms for hi-capacity distributed Internet access, unified information technology, and next-generation consumer electronics for home and personal use. View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/ubiquiti-networks-inc-mar-2018 Ubiquiti Accused of Abysmal Corporate Governance Structure According to the complaint, Ubiquiti failed to maintain internal controls when it shipped its products to Iran despite a United States ban on such sales, which ultimately resulted in a violation fine. Moreover, the Board failed to take responsibility to fix Ubiqu
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