Ubiquiti Networks,Inc (UBNT)

[Southern Gal]

PRESS RELEASE
17-Apr-2014

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.
As previously reported, beginning on September 7, 2012, two class action lawsuits were filed in the United States District Court for the Northern District of California against Ubiquiti Networks, Inc. (the "Company"), certain of its officers and directors, and the underwriters of its initial public offering, alleging claims under U.S. securities laws. On January 30, 2013, the plaintiffs filed an amended consolidated complaint. The Company filed a motion to dismiss the complaint, and on March 26, 2013, the court issued an order granting the motion to dismiss with leave to amend the complaint.

Following the plaintiffs' decision not to file an amended complaint, on April 16, 2014 the court ordered the dismissal of the shareholder class action lawsuit with prejudice, and entered judgment in favor of the Company and the other defendants, and against the plaintiffs. The plaintiffs may appeal the court's decision.