The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of investors who purchased Frontier Communications Corporation (NASDAQ : FTR) securities between February 6, 2015 and May 2, 2017.
According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Company acquired a substantial number of non-paying accounts as part of its acquisition of the wireline operations of Verizon Communications, Inc.; (2) that, as a result, the Company would be required to increase its reserves, and write off amounts from accounts receivable associated with the non-paying accounts; and (3) that, as a result of the foregoing, Defendants’ statements about Frontier Communications' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
"Frontier Communications Corporation"
If you suffered a loss in Frontier Communications Corporation you have until November 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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