NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Crown Castle International Corp. (NYSE: CCI), resulting from allegations that Crown Castle may have issued materially misleading business information to the investing public.
On February 26, 2020, Crown Castle announced that its historical accounting practice with respect to recognizing servicing revenues from its tower installation services “was not acceptable under GAAP.” The Company stated that it would restate its financial statements for the years ended December 31, 2018 and 2017 and for the first three quarters in the year ended December 31, 2019.
On this news, Crown Castle’s stock price fell sharply during afterhours trading on February 26, 2020.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Crown Castle investors. If you purchased shares of Crown Castle please visit the firm’s website at http://www.rosenlegal.com/cases-register-1790.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827