SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Zayo Group Holdings, Inc. (ZAYO)1 Views
NEW YORK, NY / ACCESSWIRE / November 9, 2018 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Zayo Group Holdings, Inc. ("Zayo" or the "Company") (NYSE: ZAYO). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/zayo.
The investigation concerns whether Zayoandcertain of its officers and/or directors have violated federal securities laws.
On November 7, 2018, Zayo 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 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. Following these disclosures, Zayo's stock price fell $7.82 per share, or 25.74%, to close at $22.56 per share on November 8, 2018.
If you are aware of any facts relating to this investigation, or purchased Zayoshares,you can assist this investigation by visiting the firm's site: bgandg.com/zayo. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC