Frontier Communications Corporation (FTR) Loss Submission Form
Levi & Korsinsky announces it has commenced a class action in the USDC for the District of Connecticut on behalf of shareholders of Frontier Communications Corporation (NASDAQ: FTR) who purchased shares between February 6, 2015 and May 2, 2017.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company acquired a substantial number of non-paying accounts as part of its acquisition of the wireline operations of Verizon Communications, Inc.; (2) 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) 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.
If you suffered a loss in Frontier 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.To receive more information, please fill out the form.