The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Uniti Group Inc. (NASDAQGS: UNIT) who purchased shares between April 20, 2015 and February 15, 2019. The action, which was filed in the United States District Court for the Eastern District of Arkansas, alleges that the Company violated federal securities laws.
In particular, the Uniti Group Inc. lawsuit alleges that (i) Uniti’s financial results were not sustainable because its customer Windstream had defaulted on its unsecured notes; and (ii) as a result of the foregoing, Defendants’ statements about Uniti’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Shareholders have until December 30, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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