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Crown Castle International Corp.

Company NameCrown Castle International Corp.
Stock SymbolCCI
Class PeriodFebruary 26, 2018 to February 26, 2020
Lead Plaintiff Motion DeadlineApril 27, 2020

On February 26, 2020, Crown Castle announced 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. According to the press release, the Company had recognized service revenues from its tower installation services in a manner that "was not acceptable under GAAP."

On this news, the Company’s share price fell $14.38 per share, or over 8.8%, to close at $148.31 per share on February 27, 2020, thereby injuring investors.

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