Notice Of Filing Of Securities Class Action Against Frontier Communications Corp., Its Senior Executives And Directors, And Underwriters Of Its June 2015 Stock Offerings
NEW YORK, Nov. 1, 2017 /PRNewswire/ -- Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that it has filed a securities class action lawsuit on behalf of St. Lucie County Fire District Firefighters' Pension Trust Fund against Frontier Communications Corp., ("Frontier" or the "Company") (NASDAQ: FTR), its senior executives and directors, and the underwriters for its June 2015 offerings of common and preferred stock (the "Offerings").The action, which is captioned St. Lucie County Fire District Firefighters' Pension Trust Fund v. Frontier Communications Corp. et al., No. 3:17-cv-01825 (D. Conn.), asserts claims under Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the "Securities Act") on behalf of investors who purchased shares either in or traceable to the Offerings, and under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of investors who purchased Frontier securities during the period of February 6, 2015 to May 2, 2017, inclusive (the "Class Period").
The Complaint alleges that during the Class Period, Frontier misled investors with regard to its integration of customers and assets acquired in 2016 from Verizon in California, Texas, and Florida (the "CTF Acquisition"). Specifically, the Complaint alleges that the Company misled investors regarding the costs of integrating the CTF Acquisition, and concealed that Frontier did not have the ability to successfully integrate the CTF Acquisition.
If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later November 27, 2017, which is 60 days from the date of publication of notice of the pendency of the first filed, related securities class action on behalf of Frontier investors.Any member of the proposed Class may move the Court by the above deadline, to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.
If you wish to discuss this Action or have any questions concerning this notice or your rights or interests, please contact Avi Josefson of BLB&G at 212-554-1493, or via e-mail at avi@blbglaw.com. Information about BLB&G can be found online at www.blbglaw.com.
SOURCEBernstein Litowitz Berger & Grossmann LLP
