Ubiquiti Inc. Securities Litigation

Filing Deadline: July 19, 2021

If you purchased a significant amount of shares of Ubiquiti Inc. Common Stock (NYSE: UI), you have certain options. Investors should contact us before July 19, 2021.

 

Lawsuit Overview

Defendant:Ubiquiti Inc. Common Stock
Date Filed:May 19th, 2021
Sector:Technology
Industry:Radio And Television Broadcasting And Communications Equipment
Class Start Date:January 11th, 2021
Class End Date:March 30th, 2021

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants, in their statements concerning the data breach, failed to speak fully and truthfully because they failed to disclose to investors: (1) that the Company had downplayed the data breach in January 2021; (2) that attackers had obtained administrative access to Ubiquiti’s servers and obtained access to, among other things, all databases, all user database credentials, and secrets required to forge single sign-on (SSO) cookies; (3) that, as a result, intruders already had credentials needed to remotely access Ubiquiti’s customers’ systems; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Nils Molder, et al. v. Ubiquiti Inc., et al.

Date Filed:May 19th, 2021
Class Period Start:January 11th, 2021
Class Period End:March 30th, 2021
First Identified Complaint Filings
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