Robbins LLP Is Investigating the Officers and Directors of Ubiquiti Networks, Inc. (UBNT) on Behalf of Shareholders
Robbins LLP is investigating whether certain officers and directors of Ubiquiti Networks, Inc. (“Ubiquiti”) (NASDAQGS: UBNT) breached their fiduciary duties to shareholders by leading investors to believe that an international counterfeiting scheme did not threaten Ubiquiti’s competitive position. A class action complaint has been filed against Ubiquiti in the U.S. District Court for the Northern District of California alleging that the company publicly downplayed the extent to which the counterfeiting scheme negatively affected Ubiquiti’s business model. Ubiquiti is also the subject of a lawsuit from Synopsys, a software developer, which alleges that Ubiquiti used Synopsys’s software without obtaining a license. Ubiquiti develops networking technology for service providers and enterprises worldwide.
Ubiquiti Networks Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.