An investigation for investors in Zayo Group Holdings, Inc. (NYSE: ZAYO) shares over potential securities laws violations by Zayo Group Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/26/2018 -- An investigation was announced over potential securities laws violations by Zayo Group Holdings, Inc. in connection with certain financial statements.
Investors who purchased shares of Zayo Group Holdings, Inc. (NYSE: ZAYO), 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 focuses on whether a series of statements by Zayo Group Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Boulder, CO based Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe.On November 7, 2018, Zayo Group Holdings, Inc announced "plans to separate into two publicly traded companies: one to focus on providing core communications infrastructure and another to leverage infrastructure to provide solutions for a broad set of enterprise customers." On November 8, 2018, Zayo announced its financial and operating results for the first quarter of fiscal year 2019. Among other results, Zayo Group Holdings, Inc announced that its net income had decreased by $20.7 million over the previous quarter, and reported a net loss of $3.4 million from the Company's Allstream segment. Shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) declined on November 8, 2018 to as low as $22.00 per share.
Those who purchased shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) have certain options and should contact the Shareholders Foundation.
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