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Home>FTR INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Frontier Communications Corporation Investors and Encourages Investors to Contact the ...

FTR INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Frontier Communications Corporation Investors and Encourages Investors to Contact the ...

FTR INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Frontier Communications Corporation Investors and Encourages Investors to Contact the Firm

09/30/2017

FTR INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Frontier Communications Corporation Investors and Encourages Investors to Contact the Firm

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Frontier Communications Corporation (“Frontier” or the “Company”) (NASDAQ: FTR) securities between April 1, 2016, and May 2, 2017, inclusive (the “Class Period”). Frontier investors have November 27, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Frontier investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

Frontier provides communications services in the United States, including broadband, video, and voice services. In April 2016, Frontier completed the acquisition of the wireline operations of Verizon Communications, Inc. in California, Texas and Florida (the “Verizon Acquisition”), for a purchase price of $10.5 billion in cash and assumed debt. However, according to the complaint filed in this lawsuit, defendants failed to disclose the underperformance of the Verizon Acquisition.

Specifically, 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.

If you purchased shares of Frontier, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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