Los Angeles - 
(NewMediaWire) - May 25, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Ubiquiti
Inc. (“Ubiquiti” or “the Company”) (NYSE: UI) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between January 11, 2021 and March 30, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before July
19, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the Complaint,
the Company made false and misleading statements to the market. Ubiquiti
downplayed the data breach it suffered in January 2021. The hackers had in fact
gained administrative access to the Company’s servers, which in turn gave them
access to all databases, user credentials, and information needed to force
single sign-on cookies. This level of access let attackers remotely access
systems belonging to the Company’s clients. Based on these facts, the Company’s
public statements were false and materially misleading throughout the class
period. When the market learned the truth about Ubiquiti, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
