Frontier Communications Parent, Inc. (FYBR)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Frontier Communications Parent, Inc. (“Frontier Communications” or “the Company”) (NASDAQ: FYBR). Investors who purchased Frontier Communications securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Frontier Communications has violated federal securities laws.
Investigation Details:
On July 14, 2023, The Wall Street Journal issued an article entitled “I Was Really Sick, And I Didn’t Know From What”, which discussed illnesses affecting telecoms workers who have been exposed to toxic lead. Following this news, Frontier Communications stock dropped $1.93 per share, or 11.9%, to close at $14.31 on July 14, 2023. Then on July 17, 2023, The Wall Street Journal released an article entitled “Environmental Groups Ask EPA To Shield Public From Abandoned Lead Cables”, which discussed how environmental groups were requesting that the EPA respond to the reports that telecom companies such as Frontier Communications were leaving toxic lead cables around the country. Following this news, Frontier Communications stock dropped another $2.26 per share, or 15%, to close at $12.05 on July 17, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Frontier Communications securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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