FRONTIER COMMUNICATIONS EXPANDED CLASS SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Frontier Communications Corporation – (FTR)

Frontier investors should visit us at https://www.claimsfiler.com/cases/view-frontier-communications-corporation-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.  

About the Lawsuit

Frontier and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On February 27, 2017, Frontier revealed a Q4 2016 net loss of $80M from the “resolution of nonpaying acquired CTF accounts,” an account cleanup process since July 20, 2016 related to its April 2016 purchase of Verizon Communications operations in California, Texas and Florida.  On May 2, 2017, Frontier reported a $75M Q1 2017 net loss and a Q1 revenue decline of $53M by year, including $16M from CTF non-paying accounts and automation of legacy non-pay disconnects.

On this news, the price of Frontier’s shares plummeted.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler’s team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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