Uniti Group Inc. Securities Litigation

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Lawsuit Overview

Defendant:Uniti Group Inc.
Date Filed:October 25th, 2019
Sector:Consumer Services
Industry:Real Estate Investment Trusts
Class Start Date:April 20th, 2015
Class End Date:February 15th, 2019

According to the Complaint,Uniti and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s financial results were unsustainable because its customer Windstream had defaulted on its unsecured notes, and (ii) as a result of the foregoing, the Company’s statements about its business, operations, and prospects were materially false and misleading at all relevant times.

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Reference Complaint

Safadi v. Uniti Group

Date Filed:October 25th, 2019
Class Period Start:April 20th, 2015
Class Period End:February 15th, 2019