Welcome to the Uniti Group Inc. Securities Litigation Website
In re Uniti Group Inc. Securities Litigation (Master File No. 4:19-cv-00756-BSM)
United States District Court
Eastern District of Arkansas
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The initial distribution of the Net Settlement Fund took place on February 23, 2024. Claims were calculated pursuant to the Court-approved Plan of Allocation set forth in the Notice of Pendency and Proposed Settlement of Class Action and Motion for Attorneys' Fees and Expenses located on the Notice tab of this website. This distribution is being made in accordance with the Court's Final Order and Judgment dated November 7, 2022. If you received a payment in this distribution, please promptly cash your check, as your check will become void 90 days from issuance and the funds may no longer be available to be paid to you after this void date. If you have questions regarding your check or the initial distribution, please send an email with your questions to info@UnitiGroupSecuritiesLitigation.com. |
This website has been established to provide general information regarding the proposed settlement (“Settlement”) of the class action captioned In re Uniti Group Inc. Securities Litigation, Master File No. 4:19-cv-00756-BSM, pending in the United States District Court for the Eastern District of Arkansas (“Court”). Capitalized terms used on this website and not otherwise defined shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement, dated June 17, 2022 (“Stipulation”).
Please be advised that your rights may be affected by the Settlement if you are a member of the following class, preliminarily certified by the Court pursuant to the Order Granting Preliminary Approval of Class Action Settlement dated July 20, 2022:
All persons and entities who or which, during the period from April 24, 2015 to June 24, 2019, inclusive: (1) purchased or otherwise acquired: (a) the common stock of Uniti Group Inc. f/k/a Communications Sales & Leasing, Inc.; (b) call options of Uniti; or (c) the following bonds issued by Uniti and/or its subsidiaries: (i) 6.00% Senior Secured Notes due April 15, 2023 (CUSIP No. 20341WAA3); (ii) 8.25% Senior Notes due October 15, 2023 (CUSIP No. 20341WAD7); or (iii) 7.125% Senior Unsecured Notes due December 15, 2024 (CUSIP No. 20341WAE5); or (2) sold put options of Uniti; and, in each of the foregoing cases, were allegedly damaged thereby.
Excluded from the Settlement Class are: (i) Defendants; (ii) members of the Immediate Family of any Defendant who is an individual; (iii) any person who was an officer or director of Uniti during the Class Period; (iv) any firm, trust, corporation, or other entity in which any Defendant has or had a controlling interest; (v) Uniti’s employee retirement and benefit plan(s) (as well as any such plan’s participants or beneficiaries as to any purchases made by such participants or beneficiaries through such plan(s)); (vi) Windstream Holdings, Inc. (“Windstream”); (vii) any person who was an officer or director of Windstream during the Class Period; and (viii) the legal representatives, affiliates, heirs, successors in-interest, or assigns of any such excluded person. Any person or entity who or which timely and validly requests exclusion from the Settlement Class will also be excluded.
Please also be advised that the Court has appointed Steamfitters Local 449 Pension Plan, Wayne County Employees’ Retirement System, and David McMurray, on behalf of himself and as sole beneficiary of the David McMurray R/O IRA, to serve as lead plaintiffs and Labaton Sucharow LLP and Robbins Geller Rudman & Dowd LLP to serve as Co-Lead Counsel.
Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation. We recommend that you read the Notice carefully to fully understand your rights.
If you have questions about the Notice, the Settlement, or your eligibility to participate in the Settlement, please DO NOT contact the Court, the Clerk’s Office, Defendants, or Defendants’ Counsel. All questions should be directed to Co-Lead Counsel or the Claims Administrator.
IMPORTANT DATES & DEADLINES
| OBJECTION DEADLINE (Received by) | October 14, 2022 |
| EXCLUSION DEADLINE (Received by) | October 14, 2022 |
| CLAIM FILING DEADLINE (Postmarked by) | December 1, 2022 |
| SETTLEMENT HEARING | November 7, 2022 at 11:00 am CDT |