TMCnet News
INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Frontier Communications Corporation Investors (FTR)Law Offices of Howard G. Smith announces an investigation on behalf of Frontier Communications Corporation ("Frontier" or the "Company") (NASDAQ: FTR) investors concerning the Company and its officers' possible violations of federal securities laws. On May 2, 2017, the Company reported a first quarter 2017 net loss of $75 million and a year-over-year first quarter revenue decline of $53 million. On the same day, the Company held a conference call to discuss its first quarter financial results. On the call, Defendant McBride stated that approximately $16 million of the seuential revenue decline was a result of cleanup of CTF non-paying accounts and the automation of legacy non-pay disconnects. On this news, the Company's stock price fell $0.32 per share, or more than 16%, to close at $1.61 per share on May 3, 2017, thereby injuring investors. If you purchased Frontier securities, 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 [email protected], 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170914005397/en/ |
