Glancy prongay & murray reminds investors of looming deadline in the class action lawsuit against uniti group inc

Glancy prongay & murray llp reminds investors of the upcoming december 30, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of uniti group inc. investors who purchased securities between april 20, 2015 and february 15, 2019, inclusive (the “class period”). following the spin-off, windstream became uniti’s primary customer. the complaint filed in this class action 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, defendants failed to disclose to investors: (1) that uniti's financial results were not sustainable because its customer windstream had defaulted on its unsecured notes; and (2) that 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.
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