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LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that 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), have until November 6, 2012 to file a motion with the Court to be appointed as lead plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Northern District of California.

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 Company's 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 purchased Ubiquiti common stock between October 14, 2011 and August 9, 2012, 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 action at this time; you may retain counsel of your choice or take no action and remain an absent Class member. To [ learn more ] about this action, or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com. ]

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