NEW YORK, Feb. 27, 2020 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Crown Castle International Corp. ("Crown Castle" or the "Company") (NYSE: CCI) from allegations that Crown Castle might have issued misleading information to the investing public.
On February 26, 2020, Crown Castle announced that its accounting practice regarding recognizing servicing revenues from its tower installations were "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 precipitously during after-hours trading.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.