3 ms·
Should have blown the whistle to the SEC instead. SEC whistleblowers get paid. Up to 30% of eventual penalties paid by the company with no upper limit. Lying ab
by modeless 6y ago
Should have blown the whistle to the SEC instead. SEC whistleblowers get paid. Up to 30% of eventual penalties paid by the company with no upper limit. Lying about a breach could be securities fraud.
- MrFoof 6y agoThey may already have. Investigation is already pending: https://finance.yahoo.com/news/shareholder-alert-ubiquiti-inc-investigated-184800904.html https://finance.yahoo.com/news/shareholder-alert-ubiquiti-in...
- surfsvammel 6y agoThis might just be a law-firm fishing for people willing to be plaintiffs when they sue. So, this in itself might not mean much of anything. This might just be a lawyer who read the news and though "Hey, let's see if we can find enough people willing to sue!"
- modeless 6y agoThat's not the SEC, it's just some ambulance-chasing law firm.