Pennsylvania

Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class action proceedings against Ubiquity is imminent (UI) |

Bensalem, Pennsylvania, June 7, 2021 / PRNewswire / –Law firm Howard G. Smith Remind investors to: July 19, 2021 Deadline for filing plaintiffs in proceedings filed on behalf of investors who purchased Ubiquiti Inc. (“Ubiquiti” or “Company”) (NYSE: UI) securities January 11, 2021 And March 30, 2021, Comprehensive (“class period”).

Investors who have lost money on their investment in ubiquity are advised to contact the following law firms: Howard G. Smith Discuss legal rights in this class action in 888-638-4847 or email howardsmith@howardsmithlaw.com..

on March 30, 2021, After the market closes Krebs The security article has published an article titled “Whistleblower: Ubiquity Violation’Catastrophic'”. January 2021 And, according to the “Third-party cloud provider claim was a forgery,” the attacker “accessed the privileged credentials previously stored in the LastPass account of a Ubiquiti IT employee to all Ubiquiti AWS. I got root administrator access. [Amazon Web Services] An account that contains all S3 data buckets, all application logs, all databases, all user database credentials, and the secret required to forge single sign-on (SSO) cookies. ‘Rather than getting credentials and forcing a reset and asking the customer to change their password the next time they log on.

The news caused the company’s stock price to fall $ 50.70, Or close at 14.5% $ 298.30 Per share March 31, 2021, About unusually large trading volume.

The complaint filed in this class action not only made a materially false and / or misleading statement by the defendant during the class action, but also disclosed materially unfavorable facts about our business, operations and outlook. I insist that I didn’t.Specifically, the defendant was unable to speak completely and honestly in his statement regarding the data breach because he did not disclose it to investors: (1) We downplayed the data breach. January 2021(2) An attacker gains administrative access to Ubiquiti’s servers and, among other things, access to all databases, all user database credentials, and the secrets needed to forge single sign-on (SSO) cookies. Acquired the right. (3) As a result, the intruder already had the credentials needed to remotely access Ubiquiti’s customer’s system. (4) As a result of the above, Defendant’s positive remarks regarding our business, business and outlook were significantly misleading and / or lacked reasonable grounds.

If you purchase or otherwise acquire Ubiquity Securities during the class action period, you may move to court at the latest. July 19, 2021 If you meet certain legal requirements, ask the court to nominate you as the primary plaintiff. You do not need to do anything at this time to become a member of a class action proceeding. You can retain the lawyer of your choice or take no action and remain an absent member of the class action proceedings. If you would like to know more about this class action, or if you have any questions regarding this announcement or your rights or interests in these matters, Howard G. Smith, Esquire, Law firm Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll free (888) 638-4847, or by email howardsmith@howardsmithlaw.com, Or visit the following website: www.howardsmithlaw.com..

This press release may be considered a lawyer advertisement in some jurisdictions under applicable law and ethical rules.

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Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class action proceedings against Ubiquity is imminent (UI) |

Source link Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class action proceedings against Ubiquity is imminent (UI) |

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