SAN DIEGO, Feb. 27, 2020 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP is investigating potential claims
against Crown Castle International Corp. (NYSE: CCI) ("Crown
Castle" or the "Company") for violations of federal securities
laws.
On February 26, 2020, Crown Castle
reported results for the fourth quarter and full-year ended
December 31, 2019, and announced the restatement of
previously-issued financial statements. The restatement will be
issued for the years ended December 31,
2018 and 2017, and unaudited financial information for the
quarterly and year-to-date periods in the year ended December 31, 2018, and for the first three
quarters in the year ended December 31,
2019.
In the February 26, 2020 press
release the Company stated, "Crown Castle has determined that the
restatement of its previously issued financial statements as
described above indicates the existence of one or more material
weaknesses in its internal control over financial reporting and
that its internal control over financial reporting and disclosure
controls and procedures were ineffective as of December 31, 2019. Crown Castle will report
the material weakness(es) in its 2019 10-K and intends to create a
plan of remediation to address the material weakness(es)."
Following this news, Crown Castle's shares were trading down
over 5% in pre-market on February 27,
2020.
If you have information that could assist in this
investigation, including past employees and others, or if you are a
Crown Castle shareholder and are interested in learning more about
the investigation, please contact Jim
Baker (jimb@johnsonfistel.com) by email or phone at
619-814-4471. If emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action].
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SOURCE Johnson Fistel, LLP