Thieler Law Corp advises investors with losses exceeding $100,000 of the April 23, 2018 lead plaintiff deadline in a class action lawsuit filed against Ubiquiti Networks Inc (NASDAQ: UBNT) (“Ubiquiti” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Ubiquiti Networks Inc securities between May 9, 2013, and February 20, 2018, have until April 23, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ubiquiti Networks Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the number of the Company's purported user community was drastically overstated; Ubiquiti had exaggerated its publicly reported accounts receivable; and as a result of the foregoing, Ubiquiti's publicly disseminated financial statements were materially false and misleading.

On February 20, 2018, the Company revealed that it had received a subpoena from the SEC “requesting documents and information relating to a range of topics including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties.”

On the news, NASDAQ: UBNT fell more than 25 percent, from $74.04 at the close of the prior trading day, to close at $55.28 on February 20, 2018.

If you were negatively impacted by your investment in Ubiquiti Networks Inc securities between May 9, 2013, and February 20, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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