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  "documentTitle": "Dycom Industries, Inc. (DY)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-02-19 00:00:00",
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  "notes": "The slide uses a three-column layout to contrast the legal issues of Frontier, their joint activities, and Dycom.",
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      "text": "The regulator also cited Dycom's subsidiary as the contractor working with Frontier to conduct illegal work.",
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      "text": "Spruce Point believes there is cause for concern in evaluating business dealings between Frontier and Dycom. Not only has Frontier been fined by the FTC for ripping off and lying to customers (a claim it initially denied), but it was also fined by the Connecticut utilities regulator for systematic failure to comply with laws and “knowingly and willfully” violating the law. The regulator also cited Dycom’s subsidiary as the contractor working with Frontier to conduct illegal work.",
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      "text": "\"The Authority's examination into Frontier's construction of its fiberoptic network, particularly with respect to underground installations in the public right-of-way, indicates that Frontier and its contractors have systematically failed to comply with applicable laws and, in doing so, have jeopardized the public safety.\" — CT Public Utilities Regulatory Authority",
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      "text": "Source: Frontier Responds To FTC Lawsuit (May 2021), FTC Takes Action Against Frontier (May 2022), “Dycom Cleared For $9.5M Securities Class Lawsuit”, Bloomberglaw.com, CT Public Utiltiies Regulatory Authority",
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      "text": "Frontier & Dycom Recently Alleged To Have Conducted Fraudulent Activities Together",
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