Investigation Overview
An investigation on behalf of investors of Windstream Holdings, Inc. (NASDAQ:WIN) shares over potential securities laws violations by Windstream Holdings and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Windstream Holdings, Inc. (NASDAQ:WIN) concerning whether a series of statements by Windstream Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 27, 2017, a merger between Windstream Holdings, Inc. (NASDAQ:WIN) and EarthLink closed. Former EarthLink shareholders received 0.818 shares of Windstream Holdings, Inc. (NASDAQ:WIN) common stock for each EarthLink share they owned.
On February 27, 2017, Windstream Holdings, Inc. (NASDAQ:WIN) stock closed at $7.85and since has plummeted to as low as $1.92 per share on October 17, 2017.