The Shuman Law Firm Investigates Frontier Communications Corporation
DENVER, CO January 31, 2018 – The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Frontier Communications Corporation (“Frontier” or the “Company”) (Nasdaq: FTR). Frontier is a Norwalk, CT-based company that provides communications services to residential, business, and wholesale customers in the United States.
The Shuman Law Firm is examining potential misrepresentations by certain members of Frontier’s senior management concerning wireline operations Frontier acquired from Verizon in April 2016. Frontier has since disclosed that many of the acquired wireline operations included non-paying accounts. By February 2017, Frontier announced an $80 million net loss for the fourth quarter of 2016, largely due to these underperforming assets. These results were followed by a $75 million first quarter 2017 net loss, among other negative financial impacts. Frontier’s stock trading price fell substantially with the announcement of these losses. Following these events, several securities class action lawsuits were filed against Frontier in the United States District Court for the District of Connecticut.
If you currently own Frontier common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 569-4531 or email Mr. Shuman at firstname.lastname@example.org or Mr. Glenn at email@example.com.