Recent Security Class Actions

Frontier Communications Corporation (NASDAQ: FTR)

Company Name:Frontier Communications Corporation
Stock Symbol:NASDAQ: FTR
Class Period Start:04/25/2016
Class Period End (inclusive):10/31/2017
Filing Deadline:11/27/2017

According to the law firm press release, the complaint filed in this lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements by failing to disclose: (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's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.