Block & Leviton LLP Investigates Ubiquiti Networks, Inc. (UBNT) Following Disclosure Of SEC Subpoenas

BOSTON, Feb. 20, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Ubiquiti Networks Inc. ("Ubiquiti" or the "Company") (NASDAQ: UBNT) and certain of its officers and directors violated federal securities laws following the Company's disclosure that it has received subpoenas from the Securities and Exchange Commission ("SEC").

On February 20, 2018, Ubiquiti disclosed that a week earlier, the SEC "issued subpoenas to Ubiquiti and certain of the Company's officers "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 this news, the Company's stock has plunged nearly 33% in early trading, causing tens of millions of dollars in losses to investors.

If you purchased or otherwise acquired Ubiquiti securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/ubnt.

Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

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CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

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SOURCE Block & Leviton LLP