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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the aClassa) consisting of all purchasers of the common stock of Ubiquiti Networks, Inc. (aUbiquitia or the aCompanya) (NASDAQ:UBNT), between October 14, 2011 and August 9, 2012, inclusive (the aClass Perioda), and/or all persons who acquired shares of Ubiquiti common stock pursuant or traceable to the Companyas allegedly false and misleading Registration Statement and Prospectus issued in connection with its October 14, 2011 initial public offering.

Ubiquiti, together with its wholly owned subsidiaries, offers a portfolio of wireless networking products and solutions. The Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material adverse facts concerning the Companyas business and operations, including: (i) the true magnitude of the risks the Company faced from counterfeit copies of its products including the popular and profitable AirMax product line; (ii) the widespread nature and extent of the counterfeit-product operations, and the impact those activities would have on the Companyas future operating results; (iii) the increased risks to the Companyas operations due to its unique business model, whereby it exclusively relied on distributors to sell its products to end customers; (iv) that the Company lacked the proper internal controls to prevent its product designs from being stolen and replicated; and (v) as a result of the above, the Companyas financial statements were materially false and misleading at all relevant times.

If you are a member of the Class described above, you may move the Court, no later than November 6, 2012, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time or you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].