Frontier Communications Corporation is an American telecommunications company that offers fiber internet, TV and phone services.

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.

On January 18, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. All future docketing was ordered to be done in the lead case 17-CV-01617.

Lead Plaintiff filed a consolidated Complaint on April 30, 2018. Defendants filed a Motion to Dismiss the amended Complaint on June 29. On March 8, 2019, the Court issued an Order granting Defendants' Motion to Dismiss. Lead Plaintiff was given leave to amend the Complaint. On May 10, 2019, Lead Plaintiff filed a Motion to Amend the Complaint. On March 24, 2020, the Court issued an Order denying the Motion to Amend the Complaint and closed the case. On April 6, Lead Plaintiff filed a notice appealing the Court's Order denying the Motion to Amend the Complaint. The issuer Company Defendant filed a suggestion of Bankruptcy on April 16.

On October 15, 2021, the Court of Appeals remanded the case to the District Court for the limited purpose of allowing the Court to consider approving the parties' Settlement. On December 23, the parties entered into a Stipulation and Agreement of Settlement. The Court granted preliminary approval of the Settlement on January 18, 2022. On May 20, the Court granted final approval of the Settlement, including an award of Attorneys’ Fees and Expenses. The Court entered Final Judgment on June 29, 2022. On August 5, Lead Plaintiff voluntarily withdrew the appeal pending in the Court of Appeals.

On November 21, 2023, the Court issued an Order approving disbursement of the Settlement funds.