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Frontier Communications Corporation

Case Summary

Frontier Communications Corporation Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 06/29/2018 (Ongoing date of last review)

Filing Date: September 26, 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.

On January 18, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on April 30.

Company & Securities Information

Defendant: Frontier Communications Corporation

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FTR
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Chris Bray, et al. v. Frontier Communications Corporation, et al.

COURT: D. Connecticut
DOCKET #: 17-CV-01617
JUDGE: Hon. Victor A. Bolden
DATE FILED: 09/26/2017
CLASS PERIOD START: 04/01/2016
CLASS PERIOD END: 05/02/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP (New York)
    122 East 42nd Street, Suite 2920 , Glancy Prongay & Murray LLP (New York), NY 10168
    (212) 682-5340 (212) 884-0988 ·
  2. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 09/26/2017
2 Ruling and Order on Motions to Consolidate, Appoint Lead Plaintiff, and Approve Lead Counsel 01/18/2018
3 U.S. District Court Civil Docket 02/07/2018
4 Plaintiff Chris Bray's Notice of Voluntary Dismissal 02/07/2018
5 [Notice of Consolidation] 04/24/2018

Reference Complaint

In re Frontier Communications Corporation Securities Litigation

COURT: D. Connecticut
DOCKET #: 17-CV-01617
JUDGE: Hon. Victor A. Bolden
DATE FILED: 04/30/2018
CLASS PERIOD START: 02/06/2015
CLASS PERIOD END: 02/28/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New New York)
    1251 Avenue of the Americas, Bernstein Litowitz Berger & Grossmann LLP (New New York), NY 10020
    (212) 554-1400 (212) 554-1448 ·
  2. Motley Rice LLC (Hartford)
    One Corporate Center; 20 Church St.; 17th Floor, Motley Rice LLC (Hartford), CT
    860.882.1681 860.882.1681 · inquiry@motleyrice.com
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Class Action Complaint for Violations of the Federal Securities Laws 04/30/2018
2 U.S. District Court Civil Docket 04/30/2018
 
 

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