Crown Castle International Corp. (CCI) Accused of Misleading Shareholders 

According to the complaint for alleged violations of the Securities Exchange Act of 1934 between February 26, 2018 and February 26, 2020, from February 26, 2018 to November 4, 2019, Crown Castle International Corp. (CCI) attested to its accuracy of financial reporting, disclosure of its internal control over financial reporting, and disclosure of all fraud in its quarterly and annual reports submitted to the SEC. Beginning in first quarter 2019, Crown Castle touted successive increases in its quarterly net income and increases in adjusted EBITDA, citing "net growth in Towers and Fiber segments." However, on February 26, 2020, Crown Castle revealed that "after consultation with the , we concluded that our historical practice was not acceptable under ." As a result, the Company announced it would restate its financial statements for 2017, 2018, and the first three quarters of 2019, anticipating a decrease of approximately $100 million in net income and adjusted EBITDA for full year 2019 actuals. On this news, the stock price fell $14.38, or almost 9%­­ to close at $148.31 per share.