Company Announcements

The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Frontier Communications Corporation

Source: Business Wire

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.

Source: The Klein Law Firm

The Klein Law Firm
Joseph Klein, Esq., 212-616-4899
Fax: 347-558-9665
www.kleinstocklaw.com

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