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UNIT.US
id: 242
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
E. D. Arkansas
Court
24 Apr 2015
Class period Start
24 Jun 2019
Class period End
01 Dec 2022
Claim deadline
In re UNITI GROUP INC. SECURITIES LITIGATION.
"Windstream is a telecommunications provider that owns and operates wireless telecommunications networks. In April 2015, Windstream spun-off certain of its telecom distribution assets into a separate, publicly traded company called Communications Sales & Leasing, Inc. and which is now called Uniti Group Inc. (the “Spin-Off”). In connection with the Spin-Off, Uniti agreed to lease its telecom distribution assets to Windstream, which, through its operating subsidiaries, continued to use and operate those assets as it had before the Spin-Off. Plaintiffs allege that the Spin-Off transaction violated restrictive covenants governing Windstream’s then-existing debt, which included a prohibition on sale-leaseback transactions and limitations on the amount of additional debt Windstream could undertake. Defendants dispute these allegations."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Steamfitters Local 449 Pension Plan, Wayne County Employees’ Retirement System, David McMurray
Attorneys
Steamfitters Local 449 Pension Plan, Wayne County Employees’ Retirement System, David McMurray
Judge
Hon. Brian S. Miller
Administrator
KCC
Court hearing date
04 November 2022
+$38,875,000
Total Settlement Amount

Uniti Group Inc

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and o...

    Ticker
    UNIT.US
    ISIN
    US91325V1089
    CIK
    1620280
    Sector
    Real Estate
    Industry
    REIT - Specialty
    Country
    USA
    Address
    2101 Riverfront Drive, Little Rock, AR, United States, 72202