Long-Term UI Shareholders: SBS Law Investigates Ubiquiti Inc. Directors and Officers Over Alleged Supplies to Russian Forces
Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is
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Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating potential breaches of fiduciary duty by the directors and officers of Ubiquiti Inc. (“Ubiquiti” or “the Company”) (NYSE: UI) on behalf of long-term Ubiquiti stockholders.
INVESTIGATION DETAILS: United States export controls have barred Ubiquiti’s airMAX radio bridges from Russia since March 2022. Ubiquiti’s competitors exited the Russian market in 2022, but Ubiquiti is alleged to have kept its distribution channel open in violation of export-control laws, despite having both the contractual and technical means to shut it down. The Company is now a defendant in Kovalenko v. Ubiquiti, Inc., No. 1:26-cv-06838 (S.D.N.Y.), a case brought by Ukrainian civilians killed and maimed in coordinated Russian drone attacks.
SBS is investigating whether Ubiquiti’s directors and officers breached their fiduciary duties by permitting the Company to supply Russian forces in violation of export-control restrictions, resulting in the loss of innocent life.
If you are a long-term holder of Ubiquiti shares who is interested in this important investigation, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP to discuss your rights free of charge. The firm is located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, and can be reached at 310-301-3335, through the firm’s website or by email at david@schallfirm.com.
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260910413500/en/
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