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OFFON

FRONTIER COMMUNICATIONS PARENT, INC.

(FTRCQ)
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ATTENTION FMSBONDS CUSTOMERS WHO PURCHASED FRONTIER COMMUNICATIONS BONDS: KlaymanToskes Commences Investigation on Behalf of Investors

04/24/2020 | 11:46am EDT

KlaymanToskes (“KT”), www.klaymantoskes.com, announces an investigation on behalf of customers of FMSbonds (“FMS”) who were recommended to purchase Frontier Communications (NASDAQ:FTR) (“Frontier”) bonds. These bonds may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.

Under FINRA Rules, broker-dealers have an obligation to make suitable recommendations to their customers and to conduct adequate due diligence into investments before recommending them to customers. Furthermore, FMSbonds was obligated to properly supervise the activities of its brokers to determine if they were making suitable recommendations to their customers. FMS has been sanctioned multiple times by the Financial Industry Regulatory Authority (“FINRA”) for its offer and sale of bonds.

Frontier recently filed for bankruptcy protection after announcing that it would skip issuing bond payments due in March. Investors may seek damages for violations of sales practice rules and regulations in FINRA Arbitration if they were recommended to purchase Frontier bonds.

The sole purpose of this release is to investigate on behalf of customers of FMSbonds who were recommended to purchase Frontier bonds. Current and former customers of FMSbonds who have information relating to the manner in which the firm represented Frontier bonds are encouraged to contact Lawrence L. Klayman, Esq. of KlaymanToskes at (561) 542-5131, or visit our website at www.klaymantoskes.com.

About KlaymanToskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/attention-fmsbonds-customers-who-purchased-frontier-communications-bonds/


ę Business Wire 2020
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Sales 2021 6 480 M - -
Net income 2021 4 912 M - -
Net Debt 2021 6 045 M - -
P/E ratio 2021 2,73x
Yield 2021 -
Capitalization 7 268 M 7 268 M -
EV / Sales 2021 2,05x
EV / Sales 2022 2,29x
Nbr of Employees 16 005
Free-Float -
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Last Close Price 29,74 $
Average target price 60,75 $
Spread / Average Target 104%
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Managers and Directors
Nicholas Simon Jeffery President, Chief Executive Officer & Director
Scott C. Beasley Chief Financial Officer & Executive Vice President
John G. Stratton Executive Chairman
Kevin L. Beebe Director
Lisa V. Chang Director
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