An investigation on behalf of current long term investors in Crown Castle International Corp. (REIT) (NYSE: CCI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/22/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Crown Castle International Corp.
Investors who are current long term investors in Crown Castle International Corp. (REIT) (NYSE: CCI) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: CCI stocks follows a lawsuit filed against Crown Castle International Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CCI stocks, concerns whether certain Crown Castle International directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Crown Castle's internal control over financial reporting and disclosures controls and procedures were ineffective and materially weak, that Crown Castle's financial accounting and reporting was not in accordance with GAAP, that Crown Castle's net income, adjusted EBITDA, and adjusted funds from operations were inflated, that Crown Castle would need to restate its financial statements for the years ended December 31, 2018 and 2017, and unaudited financial information for the quarterly and year-to-date periods in the year ended December 31, 2018 and for the first three quarters in the year ended December 31, 2019, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Crown Castle International Corp. (REIT) (NYSE: CCI) have certain options and should contact the Shareholders Foundation.
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