NEW YORK--(BUSINESS WIRE)--Oct. 3, 2017--
The Klein Law Firm announces the commencement of an investigation of
Frontier Communications Corporation (NASDAQ: FTR) concerning possible
violations of federal securities laws.
On May 2, 2017, FTR reported a first quarter 2017 net loss of $75
million and a year-over-year first quarter revenue decline of $53
million. On the same day, FTR held a conference call to discuss its
first quarter financial results. During the call, CFO Ralph McBride
stated that approximately $16 million of the sequential revenue decline
was a result of cleanup of California, Texas, and Florida (CTF)
non-paying accounts and the automation of legacy non-pay disconnects.
If you suffered a loss in FTR and wish to obtain additional information,
please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/FTR-Info-Request-Form-209.
Joseph Klein, Esq. is an experienced attorney and has also practiced as
a Certified Public Accountant. Mr. Klein represents investors and
participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not
guarantee similar outcomes.
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Source: The Klein Law Firm
The Klein Law Firm
Joseph Klein, Esq., 212-616-4899